Jerome H. Powell, the Federal Reserve chair, said on Friday that inflation continues to be far above the central bank's target but said policymakers haven't made any decisions about whether to raise rates at their next meeting in June.The comments, made at the Fed's annual Thomas Laubach Research Conference, came as businesses and investors around the world are trying to gauge whether the Fed is preparing to pause its campaign to raise borrowing costs amid signs that inflation is easing and the U.S. economy is cooling.
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