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Central Banks Warn of Possible Bumpy Ride for Markets

Global central bankers said financial markets could suffer a bout of turbulence -- again -- when they begin to withdraw monetary stimulus.

Janet Yellen and William C. Dudley of the Federal Reserve, Mexico’s Agustin Carstens and Bank of England Governor Mark Carney were among those to use a Paris conference of policy makers yesterday to talk about potential fallout from the eventual shift from record-low interest rates used to revive growth since the global financial crisis in 2008.