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Fed’s Regional Bank Boards Ramp Up the Call for a Rate Increase

Excerpted Article from
Bloomberg Markets
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Fed’s Regional Bank Boards Ramp Up the Call for a Rate Increase

The boards of directors at nine of the 12 regional Federal Reserve banks last month sought an increase in the rate on direct loans from the Fed to 1.25 percent from 1 percent, minutes released by the U.S. central bank Tuesday show.
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