The Federal Reserve Building stands in Washington April 3, 2012. REUTERS/Joshua Roberts
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The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.For San Francisco Fed President John Williams, one of the 17 members participating in the central bank's rate-setting deliberations, all that is needed is a bit more confidence that inflation is indeed headed toward the Fed's 2 percent target.The inflation measure the Fed prefers to track is at 1.6 percent.After Wednesday, the Fed has three more policy meetings scheduled this year – in September, November and December.
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