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Axios
Axios
Business

Two testy exchanges show Fed's inflation dilemma

US Federal Reserve Inflation Powell Elizabeth Warren John Kennedy United States

Two senators — one Republican, one Democrat; one from Louisiana, the other from Massachusetts — gave Powell a hard time Tuesday on the same theme: that the central bank seems dead-set on putting millions of Americans out of work with monetary tightening.

The big picture: The two unusually testy exchanges were a preview of what is likely to be a key dynamic, both for the central bank and for U.S. political debates heading into the 2024 elections.

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