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Fed Should Pause Rate Increases After This Week, Former Vice Chair Says
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The Federal Reserve should suspend its interest-rate increases after one more this week, former Fed Vice Chair Richard Clarida said.
“I would be in the camp of signaling a pause,” Mr. Clarida said at The Wall Street Journal’s Future of Everything Festival on Tuesday, citing the cumulative effects of the Fed’s rate increases so far as well as tighter credit conditions following the failures of a few regional banks in the past two months.
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