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Less Need for Easing: Fed Officials

Four Fed bank presidents speak out against additional accommodation.

By Joshua Zumbrun and Aki Ito | Updated on April 05, 2012

Four Federal Reserve regional bank presidents who vote on monetary policy this year see less of a need for the Fed to spur the economy with new accommodation.

“The probability of needing to do additional stimulus is lower,” San Francisco Fed President John Williams told reporters yesterday. Cleveland’s Sandra Pianalto, Atlanta’s Dennis Lockhart and Richmond’s Jeffrey Lacker also spoke against additional accommodation this week, with Lacker saying yesterday he “was surprised a couple months ago at the probability market participants seemed to ascribe to further easing.”

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