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Powell Tunes Out Washington Clamor, Sticks to Quarter-Point Plan

  • Fed chief faces tough choices as rate-hike campaign draws near
  • Takes a 50 basis-point hike in March off table amid fog of war
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Powell: Fed Needs to Be 'Nimble' Amid Ukraine Crisis

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Jerome Powell is trying to balance uncertainty over the Ukraine war with political demands back home to move faster on inflation. That’s a hard policy act to pull off without something breaking.