prank call with two Russians posing as Ukrainian President Volodomyr Zelensky, where they discussed topics ranging from inflation, to the Russian central bank, to joking about having a 'printing press' in the basement and possibly setting up a federal reserve bank in Kiev. "The market is already pricing in two more quarter percentage point rate hikes. We'll look around after we make those two and we'll say should we do any more, and then the question will be how long do we keep rates at this level - and I think we'll keep them there for quite some time," said Powell.....Powell also said that the US economy will grow 'at a subdued level,' and that a recession is "almost as likely as very slow growth," and that it was because the Fed 'raised rates quite a bit,' which he defended as necessary to tame inflation." ZeroHedge
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