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Federal Reserve Bank of St. Louis president Alberto Musalem said, "the time may be approaching to consider slowing the pace of interest rate reductions, or pausing, to carefully assess the current economic environment, incoming information and evolving outlook." Musalem said it will likely be appropriate to keep lowering rates over time, but backed a patient approach to policy in prepared remarks Wednesday for the Bloomberg & Global Interdependence Center Symposium in New York.

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