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Prices are rising at the fastest clip in nearly 40 years as supply chain disruptions, rapid consumer demand, and rising housing costs fuel an inflationary burst. The consumer price index climbed by 6.8 percent in the year through November. Factory shutdowns due to COVID19 also have upended production as shipping routes and ports became clogged with too many U.S. bound goods trying to leave Asia to meet consumer demands. The Federal Reserve plansto cut back on bond purchases and maybe raise interest rates to help with inflation. The Federal Reserve is the nation's central bank, and the chair reports twice a year to Congress on the federal monetary policy objectives for the country. The head of the Federal Reserve is a) Janet Yellen.b) Jerome Powell.c) Ben Bernanke.d) Alan Greenspan.
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