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The Independent UK

National

Christopher Rugaber

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

Inflation Jerome Powell US Federal Reserve Andrew Bailey Economy Joe Biden Kamala Harris Unemployment Bank of England McKinsey

Copyright 2024 The Associated Press. All rights reserved.

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When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated.

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