All of Fed's 12 regional banks backed steady discount rate: minutes

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All 12 of the U.S. Federal Reserve's regional banks supported keeping stead...

FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid/File Photo

The unanimous vote to keep the Fed’s discount rate at 3% ahead of the March policy meeting showed policymakers’ caution in light of what the minutes characterized as “mixed” reports on U.S. economic activity.

 

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