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      Web Extra: Fed Official Calls for Rate Hike

      |CBS NEWS Business and Economics Correspondent Rebecca Jarvis interviewed Thomas Hoenig, President of the Kansas City Federal Reserve, the only voting member of the national Fed to call for a gradual hike in interest rates and the rate which the Fed lends money to private banks. The interview was conducted on Friday, July 9, 2010 via satellite with the help of CBS affiliates KCTV, in Kansas City, MO.

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