Federal Reserve Chairman Jerome Powell said Wednesday it will be almost impossible for the central bank to beat inflation without hundreds of thousands of Americans losing their jobs. Fed officials expect the unemployment rate to rise to 4.4 percent next year, up from 3.7 percent in August, as they jack up borrowing costs and slow the economy, according to projections released Wednesday. Experts say such an increase in the jobless rate over the course of a year would likely push more than 1 million workers out of their current jobs and leave millions more unable to find better work or higher wages. “We certainly haven't given up the idea that we can have a relatively modest i
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