Flanked by Vice Chairs of the Board of Governors of the Federal Reserve Lael Brainard and Michael Barr, Chairman Jerome Powell delivers opening remarks during an event in Washington, D.C. on September 23.
Mandatory Credit: Kevin Lamarque/Reuters
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The Fed only cares about inflation. That's bad news for you
Jerome Powell and other members of the Federal Reserve are obsessed with choking off inflation once and for all, even if the Fed's series of aggressive rate hikes slow the economy to a crawl. That could be bad news for consumers, investors and Corporate America.
