Dudley attempts to reassure markets


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Financial Times
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Thursday June 27 2013

Breaking News
 
Dudley attempts to reassure markets
A tapering of bond buying later this year was only "one possible outcome" and market expectations of an early increase in interest rates were "out of sync" with the thinking at the US central bank, a senior US Federal Reserve official said.
The remarks by Bill Dudley, president of the Federal Reserve Bank of New York, on Thursday mark the clearest attempt by a top US monetary policy official to push back against perceptions that the Fed is moving quickly towards lessening support for the recovery.
http://link.ft.com/r/M2ZOXX/A53KCO/6VRT5E/2OGUUZ/6AP680/OS/h?a1=2013&a2=6&a3=27
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