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Fed Chairman: Inflation Could Be Worse Than Expected, Generous Unemployment Benefits Kept People From Working

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Fed Chairman: Inflation Could Be Worse Than Expected, Generous Unemployment Benefits Kept People From Working
Saul Leonard/AFP via Getty Images

Jerome Powell, chairman of the Federal Reserve, said during a press conference on Wednesday that inflation could be worse than what was originally expected and that the “generous unemployment benefits” contributed to people not working.

The Hill reported:

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