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Benzinga
Benzinga
Business
Piero Cingari

The 'Everything Rally' Is Back—Thanks To Powell's Risky Bet On Jobs

Jerome Powell US Federal Reserve Dennis DeBusschere Inflation
Green Bullish Chart

Fed Chair Jerome Powell just handed Wall Street a high-stakes bet: he's willing to tolerate higher inflation in the short run if it means keeping the labor market afloat.

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