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Two US Fed officials downplay worries over end to stimulus

Say the market reaction is not yet cause for concern


Less than a week after the US Federal Reserve set off a cascade of selling in global markets, two of its top officials downplayed the notion of an imminent end to monetary stimulus and said on Monday the market reaction was not yet cause for concern. The Fed is centre stage for investors after Chairman Ben Bernanke last week said the central bank expected to reduce its bond-buying later this year, and to halt the stimulus programme altogether by mid-2014 if the economy improves as forecast. Bernanke's road map to the end of the Fed's third round of quantitative easing, or QE3, ...

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First Published: Wed, June 26 2013. 00:14 IST