Top Fed officials speak out to calm markets

william-c-dudley
New York Fed president William Dudley

Three permanent voters on the Federal Open Market Committee (FOMC) have in the last two days attempted to curb the volatility in markets stemming from last week's FOMC statement, which suggested asset purchases might end next year – and that interest rates might start rising sooner than previously thought.

Two governors of the Federal Reserve, Jeremy Stein today and Jerome Powell yesterday, joined the president of the Federal Reserve Bank of New York, William Dudley, in emphasising that the data

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