Fed saw evidence of economic slowdown in July

Jerome Powell

Federal Reserve (Fed) Chairman Jerome Powell speaks at a news conference in Washington on July 27. The Fed released the minutes of its July meeting, which showed signs of an economic slowdown. (AP Photo: Manuel Barce Seneta)

August 17, 2022
2:57 pm

Policymakers said they expected the economy to expand in the second half of 2022, but many suggested growth would weaken as rate hikes took hold.

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