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FILE - Federal Reserve Board Chair Jerome Powell appears before the House Financial Services Committee on Capitol Hill, March 6, 2024, in Washington. Powell said Tuesday, May 14, that the central bank is unlikely to hike its key interest rate in response signs of stubborn inflation, and underscored his view that price increases would soon start to cool again. (AP Photo/Mark Schiefelbein, file)

FILE - Federal Reserve Board Chair Jerome Powell appears before the House Financial Services Committee on Capitol Hill, March 6, 2024, in Washington. Powell said Tuesday, May 14, that the central bank is unlikely to hike its key interest rate in response signs of stubborn inflation, and underscored his view that price increases would soon start to cool again. (AP Photo/Mark Schiefelbein, file)

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