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Fed Won't Raise Rates Soon, Reserve Bank President Says

The Federal Reserve's policymakers seem to be reluctant to consider any more efforts to inject a monetary stimulus into the U.S. economy — but that doesn't mean you should expect the central bank to raise interest rates any time soon.

Update at 2:20 p.m. ET: Beige Book Is Out. The Federal Reserve Board has released its collection of regional U.S. economic data, noting that " the economy continued to expand at a modest to moderate pace from mid-February through late March." The report's name, you'll recall, comes from the color of its cover.

For NPR's Newscast desk, Steve Beckner of Market News International filed this report:

"Atlanta Federal Reserve Bank President Dennis Lockhart, a voting member of the Fed's policymaking Federal Open Market Committee, says he's 'reticent' about doing another round of bond buying to cut long-term interest rates."

"Talking to reporters at a conference in Stone Mountain, Ga., he says such 'quantitative easing' should only be done if the economy weakens and unemployment rises — something he does not expect. But, unlike a few of his colleagues, Lockhart says he's 'comfortable' with the FOMC's stated aim of keeping short-term rates near zero 'at least through late 2014.'"

Many of the bank presidents have been attending an annual financial markets conference in Atlanta. The Fed is set to release its "beige book" report on America's economic environment at 2 p.m. ET today.

Reuters has compiled recent quotes from the Fed Bank leaders, in which they weigh in on inflation, interest rates and potential threats to the U.S. economy.

And an additional perspective comes from Boston Federal Reserve Bank President Eric Rosengren, who warned that money market funds should be regulated more tightly, calling them a "transmission channel" for financial turmoil originating in Europe.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

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For A Female Banker At The Top Of Her Game, What Does It Take To Stay There?

In the film Equity, investment banker Naomi Bishop navigates the male-dominated world of Wall Street. Screenwriter Amy Fox discusses the film and her research, which included many interviews with women who worked on Wall Street.
NPR

Salvage Supperclub: A High-End Dinner In A Dumpster To Fight Food Waste

The ingredients — think wilted basil, bruised plums, garbanzo bean water — sound less than appetizing. Whipped together, they're a tasty meal that show how home cooks can use often-tossed foods.
NPR

LISTEN: At The DNC, We Asked Women Why They Were Voting For Clinton

We asked women — as young as 4 and as old as 77 — how much the weight of history factored into their decision.
NPR

Hackers Break Into Another Democratic Party Computer System

The DNC's congressional campaign arm is the latest hacking victim. Investigators say the breach is similar to other recent incidents and that they believe Russia is the likely culprit.

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