Jackson Hole, Wyo. - Federal Reserve officials believe they remain well equipped to fight inflation and guide economic growth, despite massive changes in financial markets that have reduced the role of banks as suppliers of credit.

Speaking last weekend at a two-day conference on monetary policy sponsored by the Federal Reserve Bank of Kansas City, Fed officials also signaled that they intend to continue to take a wide variety of financial and economic indicators into account when setting short-term interest rates.

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