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Why a Fed board battle is brewing on rate rises

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The Federal Reserve's best measure of the chances of a recession is flashing red, but it’s not clear whether central bank board members will agree to halt interest rate rises.

in 14 months, while again refusing to rule out a mild recession for the world’s biggest economy.

At this point, the prospect of a recession is still not enough to deter Powell from taming inflation, and that could be the seed for confrontation with other Fed members in coming meetings.

 

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