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Page 14 - தானியங்கி தகவல்கள் ப்ரோஸெஸிஂக் இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

When Fed Chief Talks, So Do Listeners — and They Provide an Earful

Provided by Dow Jones By Paul Kiernan Federal Reserve Chairman Jerome Powell has worked hard to explain the central bank s policies to ordinary people, hoping to shore up trust at a time of wavering public faith in institutions. The effort has produced some unintended results. On Wednesday, for instance, Mr. Powell outlined the Fed s new policy of seeking inflation that temporarily overshoots its 2% target. For the last decade, you ve seen central banks around the world really struggle to reach a 2% goal, and in some cases are fighting outright deflation, Mr. Powell said in a virtual event with the Economic Club of Washington.

Covid-19 s Toll on U S Business? 200,000 Extra Closures

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