“STAYING ON THE BOARD”: Fed holds rates steady in Powell’s final hour

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FOMC official: Interest rates maintained at 3.5% to 3.75% for third straight time…
Powell’s chairmanship expires next month; markets obsess over his “staying power”…
Fed Statement: “Inflation remains elevated,” fueled by recent global energy shocks…
The Warsh Shadow: Investors look past today’s pause to the May 15 leadership swap…

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