Fed Chairman Powell announces major policy shift in approach to inflation

MacDailyNews
Aug 27, 2020, 10:37 am410 pts
The U.S. Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run higher than the standard 2% target before hiking interest rates. The Fed is changing this policy in order to support the labor market and broader economy. The central bank formally agreed to a…

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