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Fed Wrestles With the Challenge of How Quickly to Raise Interest Rates
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Federal Reserve Chairman Jerome Powell took much of the suspense out of this week’s policy meeting when he said recently he would propose raising interest rates by a quarter percentage point from near zero, which would be the first increase since 2018.
The harder part of Fed officials’ deliberations might be agreeing on how to signal the likely path of rate increases in the months to follow. Worsening inflation, already at a 40-year high, could force them to accelerate the process, but they have signaled they are trying to move carefully to avoid triggering a sharp correction in financial markets.
Read more on wsj.comAbout this in other media
Fed's Williams: Fed Can Boost Rates By 50 Basis Points if Needed wsj.com /2 years ago
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