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Powell Facing Choice Between Elevated US Inflation and Recession

  • Surging prices put pressure on Fed to do more to rein them in
  • Markets price in more aggressive action by US central bank
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Fed’s Inflation Fight Getting Tougher
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Federal Reserve Chair Jerome Powell is facing an increasingly grim calculus after yet another hot inflation reading last week: He probably has to push the economy into recession in order to regain control of prices.