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Derby’s Take: Russia’s War on Ukraine Clouds Outlook for Dissent at Fed Meeting
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wsj.comAs many as three Federal Reserve officials might urge the central bank to raise interest rates at its policy meeting this week by more than a widely expected 25-basis-point increase.
In testimony on March 2, Fed Chairman Jerome Powellclearly spelled out the central bank’s first rate increase since lowering its federal-funds target rate to zero two years ago would be modest. “I do think it will be appropriate to raise our target range for the federal-funds rate at the March meeting in a couple of weeks. I’m inclined to propose...
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