Federal Reserve officials raised interest rates by a quarter-point on Wednesday, the 10th straight increase in an aggressive campaign to tame rapid inflation. But they also opened the door to pausing rate increases as their policies combine with bank turmoil to weigh down the economy.Central bankers lifted rates to a range of 5 to 5.25 percent, a level they had not reached since the summer of 2007. The move capped the fastest series of rate increases since the 1980s.But in their statement announcing the decision, policymakers also tempered language around future rate increases, saying that additional moves “may” be appropriate. Jerome H. Powell, the Fed chair, underscored in a news conference following the release that any additional changes would hinge on incomin …
