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Fed official repeats call for gradual interest-rate hikes

Policy makers may be placing too much weight on short-term fluctuations, he says

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"Failing to respond to very tight labour markets with rates remaining negative in real terms could potentially risk unnecessarily shortening the economic recovery." - Mr Rosengren

Montreal

FEDERAL Reserve Bank of Boston President Eric Rosengren stepped up his argument to keep the US central bank on track for additional gradual interest-rate increases, warning against being too sensitive to short-term economic data.

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