7/2/2013

William Dudley, president of the Federal Reserve Bank of New York, is one of a handful of Fed officials trying to ease market concerns, as well as rising interest rates, related to the timetable for ending the central bank's bond-buying program. Dudley, a member of the Federal Open Market Committee, says concerns about a quick end to stimulus are unfounded. "Such an expectation would be quite out of sync with both FOMC statements and the expectations of most FOMC participants," Dudley said.

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