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The Wall Street Journal— Fed’s Next Puzzle: When Is It OK to Cut?

When Federal Reserve Chair Jerome Powell met in October with smallbusiness owners in Pennsylvania, Julie Keene lamented how her family farm and food market had been blindsided by high inflation over the past two years.

“Predictability is just gone,” Keene said. “It is very hard to operate a business in a world where there is not predictability.”

The Wall Street Journal _20231211.pdf-size10.71MB