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Fed officials jolt market with talk of pending rate hike

Their comments suggest rate-setters are worried about waiting too long in the face of pending economic stimulus

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"I personally don't see any need to delay raising rates. In my view, a rate increase is very much on the table for serious consideration at our March meeting." - John Williams , president of the San Francisco Fed

California

A HANDFUL of Federal Reserve policymakers on Tuesday jolted markets into higher expectations for a March US interest rate increase, with comments that suggested rate-setters are worried about waiting too long in the face of pending economic stimulus from Washington.

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