Is it a 'skip' or a 'pause'? Federal Reserve won't likely raise rates next week but maybe next month
When the Federal Reserve meets next week, Chair Jerome Powell will need to forge a consensus
By CHRISTOPHER RUGABER
Published - Jun 07, 2023, 06:04 AM ET
Last Updated - Jun 21, 2023, 12:08 PM EDT
WASHINGTON (AP) — When an increasingly fractious committee of Federal Reserve policymakers meets next week, Chair Jerome Powell will need to forge a consensus.
But a second group worries that inflation is still too high and thinks the Fed should continue hiking at least once or twice more — beginning next week.
So how will Powell achieve an accord between the two?