(Reuters) - If U.S. growth stays weak, economists believe a further cooling of inflation will prompt the Fed to change its current bias towards fighting price pressures in a first step towards trimming rates from the current 5.25 percent.
Kansas City Fed President Thomas Hoenig said in a speech late on Tuesday that he expects growth to improve this year and next, that current interest rates are "firm" but that a case could be made for either higher or lower borrowing costs.
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