Recession a growing fear as Fed plans to keep rates high
Federal Reserve Chair Jerome Powell speaks during a news conference Wednesday, Dec. 14, 2022, at the Federal Reserve Board Building, in Washington. (AP Photo/Jacquelyn Martin)
By PAUL WISEMAN and STAN CHOE
AP Business Writers
WASHINGTON — After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed — and unconvinced that its fight against accelerating prices is anywhere near over...
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