Chair Jerome Powell will need to forge a consensus between “dovish” and “hawkish” Fed officials.
WASHINGTON — When an increasingly fractious committee of Federal Reserve policymakers meets next week, Chair Jerome Powell will need to forge a consensus.
One group of Fed officials would like to pause their relentless campaign of rate increases after 10 straight hikes to allow time to look around and assess whether higher borrowing rates are slowing inflation.
But a second group worries that inflation is still too high and thinks the Fed should continue hiking at least once or twice more — beginning next week.
So how will Powell
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