The Fed's obsession with 2% inflation could cost Americans their jobs

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The Fed's obsession with 2% inflation could cost Americans their jobs
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, down from 4% the previous month and way below the four-decade highs the rate had hit in the middle of 2022.

That meant that, to hit its goals, it's chosen to aggressively raise borrowing costs over the past 16 months in a bid to stop the price of food, gas, and housing from surging.

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