Fed may leave interest rates untouched at next meeting because surging bond yields are doing the bank’s work for it, two officials say ...Middle East

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Fed may leave interest rates untouched at next meeting because surging bond yields are doing the bank’s work for it, two officials say
Philip Jefferson, vice chair of the Fed's board and a close ally of Chair Jerome Powell, said he would “remain cognizant” of the higher bond rates and “keep that in mind as I assess the future path of policy.”

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