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Fed's Lacker: Interest Rate Hike Likely Needed Next Year
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Fed's Lacker: Interest Rate Hike Likely Needed Next Year

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Fed's Lacker: Interest Rate Hike Likely Needed Next Year

A top U.S. Federal Reserve official said on Friday that he dissented against the central bank's decision this week to hold interest rates near zero until at least late 2014 because he thought rates would need to rise some time next year.

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