26 Aug New York Fed among six banks voting in July for no change in discount rate
Underscoring discord at the U.S. central
over interest-rate policy, directors at half of the Federal
Reserve’s regional Fed banks — including those at the
influential New York Fed — wanted to keep the emergency lending
rate for commercial banks unchanged in July.
over interest-rate policy, directors at half of the Federal
Reserve’s regional Fed banks — including those at the
influential New York Fed — wanted to keep the emergency lending
rate for commercial banks unchanged in July.
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