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The Fed Says Inflation Is Hotter Than Expected — But It Should Cool Next Year

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Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing in Washington, D.C., on July 15. The Fed issued new economic projections at the conclusion of its policy meeting on Wednesday. (Bloomberg via Getty Images)
Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing in Washington, D.C., on July 15. The Fed issued new economic projections at the conclusion of its policy meeting on Wednesday. (Bloomberg via Getty Images)

This article was originally published on September 22, 2021.

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