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Jerome H. Powell, the Fed chair, wants to keep the central bank's policy options open as officials stare down another economic shock that threatens to stoke inflation and crimp growth.
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Wall Street banks set for 5% capital decline under new rules CNBCBanking Regulators Prepare to Loosen Post-Crisis Capital Rules The New York TimesUS moves to soften capital rules: ‘Big banks can declare mission accomplished' The GuardianUS regulators slash Wall Street capital rules to boost bank lending Financial Times
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The central bank's so-called dot plot showed a median estimate of 3.4% for the federal funds rate, the same as at the end of last year.
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