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Fed. Chairman Jerome Powell holds a press conference in Washington, D.C.

Federal Reserve Chairman Jerome Powell speaks at a press conference following the June 12-13, 2018 Federal Open Market Committee meeting, in Washington, D.C. on June 13, 2018. Powell encode that the Federal Reserve raised interest rates by a quarter of a percentage point and signaled a possibility of two more increases this year. Photo by Kevin Dietsch/UPI

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