New York Fed President William Dudley said that financial-system instability can impair the effectiveness of monetary policy, and the U.S. central bank must consider this when formulating its ... more 
New York Fed President William Dudley said that financial-system instability can impair the effectiveness of monetary policy, and the U.S. central bank must consider this when formulating its policies. Stock index futures fell after the S&P 500 suffered its worst weekly decline in two months, on concerns stimulus measures by the U.S. Federal Reserve may be drawing to a close and a possible cash crunch in China. Economists say the Federal Reserve will start trimming its monthly spending on asset purchases before the end of the year, and it could do so as soon as September. They also expect the Fed to stop its current bond-purchases program altogether by June next year. less 
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Mon, Jun 24, 2013 11:10 AM EDT