The rate of inflation declined slightly to 8.3% in August, but still remains well above the Fed’s 2% benchmark rate.
I Worked at Apple for 10 Years—Here's What Steve Jobs Taught Me About How to Be Successful ‘at Anything in Life'In a recent speech, Federal Reserve chairman Jerome Powell reaffirmed the central bank's commitment to reducing inflation, stating that"we will keep at it until we are confident the job is done" and that Fed policy will"bring some pain to households and businesses.
To reduce inflation down to a benchmark target rate of 2%, the Federal Reserve has already implemented four interest rate hikes in 2022, including
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