On The Money — Powell acknowledges Fed could cause a recession ...Middle East

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On The Money — Powell acknowledges Fed could cause a recession
The chief of the Federal Reserve pulled no punches Wednesday. We’ll also look at President Biden pushing for a gas tax holiday and the White House trying to keep everyone optimistic about the economy.  But first, startling numbers about the prevalence of long COVID.  Welcome to On The Money, your nightly guide to everything affecting your bills, bank account and bottom line. For The Hill, we’re Sylvan Lane, Aris Folley and Karl Evers-Hillstrom. Someone forward you this newsletter? Subscribe here. Fed chief: Recession ‘a possibility’ Federal Reserve Chairman Jerome Powell acknowledged Wednesday that the central bank’s battle against high inflation could tip a so-far resilient

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