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Quotation of the Day: With Jump in Rates, Fed Shows It Means Business on Inflation - The New York Times

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“We have got to get inflation behind us. I wish there were a painless way to do that; there isn’t.”

JEROME H. POWELL, chair of the Federal Reserve, which on Wednesday delivered a third straight supersize rate increase, to a range of 3 to 3.25 percent.

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