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Economic forecast in flux as Fed Chair, business leaders diverge on outlook

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During a speech Thursday, Federal Reserve Chair Jerome Powell said that the Fed may need to continue raising interest rates to reach 2% inflation.

Federal Reserve Chairman Jerome Powell takes a break outside of Jackson Lake Lodge during the Jackson Hole Economic Symposium near Moran in Grand Teton National Park, Wyo., Friday, Aug. 25, 2023.

 

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