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Fed rate change near election ' political'

Changing interest rates near the U.S. presidential election is an inherently political act the Federal Reserve would try to avoid, but if it has to move it will, a top Fed policy-maker said on Tuesday 30 March.

St. Louis Federal Reserve President William Poole told students at the University of Evansville there was no way to change rates without favouring one political party or the other and as a result, there was a "natural tendency" to avoid that situation.

But he said if the grounds for a move

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