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Reflections On The Economy And Monetary Policy, Federal Reserve Governor Michelle W. Bowman, At The Utah Bankers Association And Salt Lake City Chamber Banker And Business Leader Breakfast, Salt Lake City, Utah

Reflections On The Economy And Monetary Policy, Federal Reserve Governor Michelle W. Bowman, At The Utah Bankers Association And Salt Lake City Chamber Banker And Business Leader Breakfast, Salt Lake City, Utah
mondovisione.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondovisione.com Daily Mail and Mail on Sunday newspapers.

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Most Fed Officials Backed Slowing Pace of Rate Hikes Soon

Most Fed Officials Backed Slowing Pace of Rate Hikes Soon
streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.

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Federal Reserve Independence: Foundations And Responsibilities, Vice Chair Richard H. Clarida, At The Federal Reserve Bank Of Cleveland, Cleveland, Ohio (Via Livestream)

<p><span>The COVID-19 pandemic and the mitigation efforts put in place to contain it delivered the most severe blow to the U.S. and global economies since the Great Depression.</span><a title="footnote 1" href="https://www.federalreserve.gov/newsevents/speech/clarida20211130a.htm#fn1"><span>1</span></a><a name="f1"></a><span> Gross domestic product (GDP) collapsed at a nearly 33 percent annual rate in the second quarter of 2020. More than 22 million jobs were lost in just the first two months of the crisis, and the unemployment rate rose from a 50-year low of 3.5 percent in February to a postwar peak of almost 15 percent in April 2020. A precipitous decline in aggregate demand pummeled the consumer price level. The resulting disruptions to economic activity significantly tightened financial conditions and impaired the flow of credit to U.S. households and businesses.</span></p> ....

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