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Economy

Fed’s Powell slides into tough cop role

“He’s the head of the world’s largest central bank at a critical time, so he’s the center of the story right now even if he doesn’t want to be,” said Megan Greene, global chief economist at the Kroll Institute. “And yes, there is a risk…

Jay Powell takes on the world

Powell’s actions have caused a flood of money to flee the shores of other countries for safer American investments that offer a much more attractive payoff because the U.S. now has its highest interest rates since 2008. A stronger dollar…