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The economy will be affected by central banks' rate hikes.

U.S. Federal Reserve chair Jerome Powell, right, and Bank of Canada governor Tiff Macklem has set their sights on getting inflation back to target.

The Federal Reserve chair and the Bank of Canada governor want inflation to return to target.

A photo by the news agency.

The Federal Reserve and the Bank of Canada will keep raising rates until inflation falls to 2 per cent, even if it causes the economy to go into recession, according to Benjamin Tal.

  1. U.S. Federal Reserve Chairman Jerome Powell.
  2. Mark Carney giving a speech in 2019.

In-depth discussions and insights into the latest in Canadian business can be found on Down to Business. The latest episode can be found below.

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