Fed officials exercise caution on interest rates amid credit and price pressures

Two Federal Reserve officials signaled they favored pausing interest-rate increases, while a third policymaker said the central bank’s task in subduing inflation was not complete.

“We at the Federal Reserve probably have more work to do on our end to try to bring inflation back down,” Minneapolis Fed President Neel Kashkari said Monday during a moderated discussion in St. Paul, Minnesota.

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