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Dudley Says China Concerns Won’t Delay Fed Signaling Taper Move

  • Stocks fell Monday on concern over China Evergrande contagion
  • Fed expected to signal taper announcement coming in November
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WATCH: William Dudley, former New York Fed President and a Bloomberg Opinion columnist, discusses tapering while urging the Fed to be flexible on interest rates.Source: Bloomberg

Concerns over China’s real estate sector rattling global stocks won’t deter the Federal Reserve from signaling it’s on track to scale back asset purchases, said former New York Fed President William Dudley.

“They’re not going to react to small market moves and defer the tapering on that basis. They have to change their economic forecast,” he said Monday during an interview on Bloomberg Television with Lisa Abramowicz, Tom Keene and Jonathan Ferro. “At this point it’s really premature to reach that conclusion.”