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Majority of Fed Officials Embraced Possibility of Higher Rates at Latest Meeting

A record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.

First seen · 6:40 PM UTCMay 20, 2026

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The New York Times
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Majority of Fed Officials Embraced Possibility of Higher Rates at Latest MeetingA record of the April meeting, Jerome H. Powell’s last as chair, underscored the extent to which the war with Iran has upended the economic outlook.
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