By Steve Matthews and Scott Lanman March 10 (Bloomberg) — The Federal Reserve’s pledge to keep interest rates close to zero for an “extended period” has come under criticism from policy makers who say it’s restricting their room to maneuver as the economy recovers. Kansas City Fed President Thomas Hoenig voted against repeating the statement on Jan. 27 because he wanted to keep “the broadest options possible.” Since then, Dallas Fed President Richard Fisher , James Bullard of St.
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Fed `Extended Period’ Rate Pledge Called Inflexible by Four Policy Makers
