Powell Says Bank Stress Could Influence Rate Path

Wall Street Journal, May 19, 2023–Nick Timiraos (subscription)
Federal Reserve Chair Jerome Powell said the stress in the banking system could mean the central bank won’t have to raise interest rates as high as otherwise to slow the economy.
https://www.wsj.com/articles/a-new-normal-for-rates-not-so-fast-says-new-fed-research-6add6097?mod=hp_lead_pos2