Photo: The Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Nathan Howard/Bloomberg. The Marriner S. Eccles Federal Reserve building in Washington, DC. Photographer: Nathan Howard/Bloomberg.

Several Federal Reserve officials said the central bank should keep borrowing costs high for longer as policymakers await more evidence that inflation is easing, suggesting they're not in a rush to cut interest rates.

Cleveland Fed President Loretta Mester, New York Fed President John Williams, and Richmond Fed President Thomas Barkin, speaking separately Thursday, argued it may take longer for inflation to reach their 2 percent target.

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