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Fed leader hints at continued stimulus

Fed leader hints at continued stimulus

Can you count on Federal Reserve governors to cradle you in their arms and make everything OK in the economy and stock market? Powerful Fed leader William Dudley on Wednesday sounded like the Fed might give it a try. With increasing weakness in the global economy threatening to drag down the U.S., Dudley said he is less inclined now to consider a September interest rate increase than he was before. In Fed speak, Federal Reserve Bank of New York President Dudley said the idea of raising rates in September is "less compelling" than it was just a few weeks ago, although he said improving economic data could change that perspective. Until the stock market started cratering last...

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