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Bank failures put Federal Reserve in tough spot ahead of meeting next week

by AHTRA ELNASHAR | The National Desk

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FILE- The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. (AP Photo/Andrew Harnik, File)
Federal Reserve Chairman Jerome Powell prepares to testify before the House Financial Services Committee on Thursday, June 23, 2022, in Washington. When Powell last appeared before Congress, inflation had reached a four-decade high of nearly 9% and showed no sign of easing. This week, Powell returns to Capitol Hill for two days of hearings under far different circumstances.(AP Photo/Kevin Wolf)
A Silicon Valley Bank sign is shown at the company's headquarters in Santa Clara, Calif., Friday, March 10, 2023. (AP Photo/Jeff Chiu)
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FILE- The seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington, Feb. 5, 2018. (AP Photo/Andrew Harnik, File)
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