June 12, 2023 12:01 am ET

Federal Reserve Chair Jerome Powell finds himself in a place no central banker wants to be: working to avert a credit crunch, which calls for looser monetary policy, while fighting high inflation, which demands the opposite.

Tags: Banking Banking/Credit Commercial Banking credit Economic News economic performance Economic Performance/Indicators Financial Services indicators inflation figures Inflation Figures/Price Indices Interest Rates Jerome Powell leder Monetary Policy price indices synd WSJ-PRO-WSJ.com wsjwashington

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