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The Federal Reserve boss said there is “certainly a possibility” that higher interest rates will lead to a recession – though that’s not his expectation.

Some economists see a recession as inevitable but other markers, like the unemployment rate and consumption indicators, point to a resilient economy.

Powell sees ongoing Fed rate hikes needed to tame hot inflation

<p><span>Thank you, Meredith and Cullum and thank you to the Society for the invitation to speak to you today. This week, the Federal Open Market Committee (FOMC) took another significant step toward achieving our inflation objective by raising the Federal Funds rate target by 75 basis points. In my view, and I speak only for myself, if the data comes in as I expect I will support a similar-sized move at our July meeting. The Fed is "all in" on re-establishing price stability, and part of that effort involves understanding the forces that have boosted inflation and also e...

(Reuters) — Prices for online goods continued to surge in March at a record pace, data released on Tuesday from Adobe Inc showed, adding a potentially troubling dimension to the