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Inflation is at a 30-year high. Here's how the Federal Reserve plans to deal with it

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Federal Reserve Chairman Jerome Powell walks between meetings with senators on Capitol Hill on Oct. 6 in Washington, D.C. The Fed kept its interest rates near zero at the end of its policy meeting on Wednesday and announced a plan to start removing some of the support it's providing to the economy. (Getty Images)
Federal Reserve Chairman Jerome Powell walks between meetings with senators on Capitol Hill on Oct. 6 in Washington, D.C. The Fed kept its interest rates near zero at the end of its policy meeting on Wednesday and announced a plan to start removing some of the support it's providing to the economy. (Getty Images)

This article was originally published on November 03, 2021.

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