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Fed Keeps Interest Rates Near 0% as Powell Says ‘Millions’ of Jobs Gone Forever

When it’s deliver-or-die, supply chains become the lifeblood of a company. To that end, the fashion industry has embraced technology to navigate today’s hyper-complicated supply chain, with myriad solutions shaping the first, middle and last mile. Call it Sourcing 2.0.

The Federal Reserve’s Open Market Committee moved Wednesday to keep benchmark short-term interest rates at near zero percent through 2022 while laying out a dismal forecast for the American economy—and recovery. Federal Reserve chairman Jerome Powell believes the number of newly out-of-work people whose jobs have disappeared forever runs “well into the millions,” amid an…

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