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Poorer Americans are struggling to make ‘ends meet’, top Fed official says
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NEWSDECK ANALYSIS
The US Federal Reserve, led by its chair and supported by regional bank presidents like Susan Collins, plays a crucial role in setting monetary policy, including interest rates, to balance inflation control and economic growth. As the head of the Boston central bank branch, Collins' views carry significant weight in informing the Fed's decisions. The Fed's actions on interest rates can have a profound impact on the economy, affecting borrowing costs, employment, and overall financial stability for households and businesses.
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FT UK
Poorer Americans are struggling to make ‘ends meet’, top Fed official says
Boston central bank branch head Susan Collins would back September interest rate rise if inflation remains hot
12 Aug, 04:00
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