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Friday, November 5, 2010

Fed's Hoenig renews call for higher rates

Friday, November 5, 2010
Fed's Hoenig renews call for higher ratesKansas City Federal Reserve President Thomas Hoenig renewed his call for the U.S. central bank to raise borrowing costs on Friday, saying housing markets cannot follow a sustainable path until the Fed normalizes monetary policy.

"Moving rates modestly off of zero, where they have been since December 2008, still represents highly accommodative monetary

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