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https://www.wsj.com/articles/a-new-normal-for-rates-not-so-fast-says-new-fed-research-6add6097

Jerome Powell Keeps June Interest-Rate Pause in Play

Fed chair says banking strains could mean rates don’t have to rise as much to tame inflation

By Nick Timiraos

Updated May 19, 2023 5:48 pm ET

Federal Reserve Chair Jerome Powell on Friday suggested he was open to holding interest rates steady at the central bank’s June meeting. Photo: Al Drago/Bloomberg

WASHINGTON—Federal Reserve Chair Jerome Powell suggested he was open to holding interest rates steady at the central bank’s meeting next month, saying that the current banking stress could mean rates may not need to rise as high as otherwise to slow the economy.

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