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More comments from the Fed heads crossing
4 of the branch presidents of the Federal Reserve are speaking this evening (US time) Kaplan, Bullard, Lockhart and Williams Williams: • Says globally the natural rate of interest has fallen • The decline in the natural rate of interest raises questions about inflation targeting • Optimistic about achieving US 2-pct inflation goal Lockhart • Says not practical to move away from Fed's 2-percent inflation target