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Fed plans to lift charges once March to chill inflation


Federal Reserve Board Chairman Jerome Powell testifies all through his re-nominations listening to prior to the Senate Banking, Housing and City Affairs Committee, Tuesday, Jan. 11, 2022, on Capitol Hill in Washington. The Federal Reserve signaled Wednesday that it plans to start elevating its benchmark rate of interest once March, a key step in reversing its pandemic-era low-rate insurance policies that experience fueled hiring and enlargement but in addition escalated inflation. (Brendan Smialowski/AP)


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