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U.S. Fed's Brainard, George monitoring stock market rout
Federal Reserve officials said they were monitoring the U.S. stock market rout on Monday as they assess how renewed trade tensions between the United States and China may impact the economy and the course of monetary policy. “I am certainly monitoring developments for their implications for the outlook and I will continue to be very attentive to them,” Fed Governor Lael Brainard said at a forum at the Kansas City Fed. Major U.S. stocks markets were down more than 3% in late afternoon trading. While Fed officials says they avoid attaching too much importance to daily market changes, even large ones, sustained ... (full story)
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