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Jerome Powell Signals Fed to Extend Interest Rate Pause
Jerome Powell Signals Fed to Extend Interest Rate Pause
Updated October 19, 2023 at 4:22 p.m. ET
Chairman of the Federal Reserve Jerome Powell suggested that rising long-term Treasury yields could allow the central bank to pause a historic series of interest rate hikes as long as recent progress in inflation continues.
Powell’s remarks in a midday speech Thursday in New York followed closely those of his colleagues who had indicated in recent days that they would keep short-term interest rates steady at their next meeting on October 31 at November 31. 1.
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