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Fed’s Regional Presidents Lining Up Against Additional Rate Cuts

  • KC Fed chief George says ‘it’s not time yet’ for more action
  • Philadelphia and Boston presidents also see economy as stable
Esther George
Esther GeorgePhotographer: Christopher Dilts/Bloomberg
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Three Federal Reserve policy makers voiced their resistance to the notion that the U.S. economy needs lower interest rates, and a fourth said he wanted to avoid taking further action “unless we have to,” foreshadowing a sharp debate with officials who want to cut again.