NY Fed President William C. Dudley

NY Fed President William C. Dudley

Scott Eells/Bloomberg

Federal Reserve Bank of New York President William C. Dudley and his colleagues on the Federal Open Market Committee on June 18 trimmed bond buying by $10 billion for the fifth straight meeting, to $35 billion per month, while reiterating that they plan to keep the main rate close to zero for a “considerable time” after ending the purchases.