New York Fed among six banks voting in July for no change in discount rate
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(Reuters) - Underscoring discord at the U.S. central over interest-rate policy, directors at half of the Federal Reserve's regional Fed banks -- including those at the influential New York Fed -- wanted to keep the emergency lending rate for commercial banks unchanged in July. Directors at the other six regional banks recommended a decrease to the so-called discount rate, records from the discussions showed on Tuesday. Most of those wanted the quarter-point cut that the Fed ultimately decided on..