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Investors Size Up Yellen Collar as Dudley Outlines Fed Thinking

Ever since Alan Greenspan kept cash flowing through the financial system after the 1987 stock-market crash, investors have been able to count on Federal Reserve bailouts when things went awry.

They’re now being warned about a ceiling on potential gains by one of the U.S. central bank’s most reliable forward indicators: New York Fed President William Dudley.