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Thursday, March 18, 2021
Why Jay Powell isn’t worried about inflation this year
The Federal Reserve on Wednesday upgraded its expectations for the U.S. economy.
As my colleague Brian Cheung notes: “In its updated Summary of Economic Projections, the FOMC now expects the unemployment rate to tilt down to 4.5% by the end of this year with inflation reaching 2.2%. Three months ago, the Fed expected…
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