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Fed Officials Say Rate Policy in Right Place for Now, Downplay Factory Data

Three top Federal Reserve officials who spoke on Friday saw no imminent change in short-term interest rates while shrugging off weak factory data and expressing caution about metastasizing tensions in the Middle East.

Two regional Fed bank presidents—Loretta Mester of Cleveland and Robert Kaplan of Dallas—will be voting members on the rate-setting Federal Open Market Committee this year, while a third, Federal Reserve Bank of Chicago President Charles Evans, was in 2019.

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