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"Noting that waiting too long for a rate hike is as dangerous as acting too soon, Federal Reserve Bank of Cleveland President and Chief Executive Officer Loretta J. Mester said Friday her support of the Federal Open Market Committee s decision to hold rates at its last meeting was one of timing rather than a change in her outlook.", www.bondbuyer.com
"Britain's vote last week to leave the European Union poses a risk to the U.S. economy but it is too early to know the extent of that effect and the Federal Reserve should not let a lack of clarity distract it from is plan to eventually raise interest rates, a top Fed official said on Friday.", www.foxbusiness.com
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