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Crossville TN

Description

World Bank president on Fed's inflation fight: Central banks have more tools than rate hikes Federal Reserve Chair Jerome Powell warned Friday rates will continue to rise until 'job is done'. Powell predicted the Fed will add more rate hikes on top of the four passed earlier this year, warning of economic "pain" for Americans. "You can't have governments allocating capital," he said. "They're not very good at that." "And at some point, you have to allow businesses to do it so that they can really produce for everybody around the world." Malpass also acknowledged the "benefit of subsidies" for developing countries but warned they should be "targeted" at "low-income communities", especially in more advanced economies. Time to print more money folks. * Sounds like more INFLATION and BUYING VOTES. Definitely SOCIALISM. Hello Venezuela or Cuba. LOOKS LIKE SPENDING YOUR WAY TO PROSPERITY DOES NOT WORK AFTER ALL. NEVER WORKED IN MY HOUSEHOLD.