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Duke, Lacker Say Fed Has No Plans for Further Monetary Easing

Two Federal Reserve officials said the central bank has no plans to deploy additional tools for stimulating the economy and that the recovery is intact.

Fed Governor Elizabeth Duke, asked about possible additional steps that could be taken to bolster growth, said in an interview in Washington yesterday that “there are no plans to do that at this point.” Richmond Fed President Jeffrey Lacker said “consideration of additional easing steps is very far away.”