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Fed’s Hoenig: Central Bank Should Get Funds Target Rate to 1% by the End of Summer
Wall Street Pit
Posted on June 04, 2010 at 00:44 AM EDT
Thomas Hoenig, the president of the Kansas City Federal Reserve bank, said in a speech Thursday that the Federal Reserve should aim to get the federal funds target rate to 1% by the end of summer and then pause to assess the outlook – MW
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