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A round-up of news and salient issues that have affected central bankers in the past three months
The Federal Open Market Committee on April 29 held the federal funds rate at 3.5–3.75%. It said inflation had risen in part because of a spike in energy prices. Developments in the Middle East were “contributing to a high level of uncertainty about the economic outlook”. Anna Paulson, a voting member of the FOMC this year and president of the Federal Reserve Bank of Philadelphia, said on May 19 that the monetary policy stance meant the Fed was well
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