San Francisco Fed's Parry: Rate policy appropriate

US - San Francisco Federal Reserve Bank President Robert Parry said on Wednesday the current level of U.S. interest rates is "appropriate" and stimulative for the economy, which is in a modest expansion.

His comments echoed those of other Fed speakers on Wednesday that collectively doused market hopes for a near-term cut in interest rates to revive the economy after a soft patch this summer.

"The Fed's monetary policy stance is quite stimulative right now, and I think that's quite appropriate,

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