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That happened after Mr. Powell’s July news conference, when the chair hinted that rate increases might soon slow, and investors incorrectly began to expect an imminent cental bank retreat.

Last week, the cental bank raised interest rates by half a percentage point, disappointing some who thought that the move would be larger.

Al-Shabab continues to hold large swaths of territory out of Mogadishu, in the rural cental part of the country, and in southern Somalia.

He has largely supported the cental brank's tougher stance, though he has indicated he's open to easing regulations for smaller and regional banks.

Though he was largely self-taught, that year he shipped, he wrote, ten thousand centals of wheat to San Francisco.