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Powell and Yellen Talk Stablecoins, Inflation and Debt

The Breakdown

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Fed's Omnicron Risks New Inflation Headache for World Central Bankers

Inflation was high on the agenda at today's hearing. Powell said he expects inflation to subside in the second half of the next year, pushing his estimate out. Omicron risks posing new challenges for central bankers by threatening economic growth while adding to inflation pressures.

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