Draghi and King try to ease fears about Fed withdrawal

European Central Bank President Mario Draghi and outgoing Bank of England Governor Mervyn King are attempting to calm markets worried about the Federal Reserve's plan to taper bond buying. "In terms of monetary policy, price stability is assured, and the overall economic outlook still warrants an accommodative stance, the exit from which by the way is still distant," Draghi said. Meanwhile, King told a parliamentary committee that markets have been too hasty in interpreting Fed Chairman Ben Bernanke's comments.

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