The US central bank has raised its forecast for inflation as the Iran war-linked surge in global energy prices threatens self-inflicted damage on the world's largest economy.
The governor of the Bank of England has joined a chorus of opposition to the treatment of his US counterpart following revelations he is facing a criminal inquiry.
The US central bank has signalled a pause in interest rates cuts demanded by the president as it grapples pressures from both elevated inflation and a weak jobs market.
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