Coverage dated October 12, 2026

Fed officials are warning of more pain. Many Americans are already feeling it

Headline from KION Central Coast

By Elisabeth Buchwald, CNN (CNN) — Four years ago, with inflation at multi-decade highs, then-Federal Reserve Chair Jerome Powell delivered a blunt message to Americans: Getting inflation under control would come at a cost.

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  1. KION Central Coast

    Fed officials are warning of more pain. Many Americans are already feeling it (opens KION Central Coast)

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    KION Central Coast's feed description

    By Elisabeth Buchwald, CNN (CNN) — Four years ago, with inflation at multi-decade highs, then-Federal Reserve Chair Jerome Powell delivered a blunt message to Americans: Getting inflation under control would come at a cost.

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