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Fed Officials Expect Interest Rates To Remain Restrictive For 'Some Time'

Federal Reserve officials expect to keep interest rates at a restrictive level for "some time," according to the minutes of the central bank's latest monetary policy meeting.

The minutes of the October 31-November 1 meeting, released Tuesday afternoon, said participants agreed policy should remain restrictive until inflation is clearly moving down sustainably toward the Fed's 2 percent objective.

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by RTTNews Staff Writer

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