Federal Reserve Latest News: Fed's Lacker Says Market Volatility Should not Sap U.S. Growth

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Federal Reserve Latest News: Fed's Lacker Says Market Volatility Should not Sap U.S. Growth

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Federal Reserve Latest News: Fed's Lacker Says Market Volatility Should not Sap U.S. Growth

by Wochit 0:54 mins

Federal Reserve Latest News: Fed's Lacker Says Market Volatility Should not Sap U.S. Growth

by Wochit 0:54 mins

Financial markets should brace for more volatility as they digest news the Federal Reserve will scale back bond buying later this year, central banker Jeffrey Lacker said, but he added that this is an understandable adjustment and will not derail growth. The Federal Reserve's gradual exit plan from printing money has shifted the world's central bank landscape and thrown financial markets into a spin. The U.S. central bank has pumped $85 billion a month into its economy but has now said it will slow that rate and maybe halt it by mid-2014. The double act from the Federal Reserve did little to dent the advance of the S&P 500 and Dow Jones Industrial Average.

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