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The Fed will "stay the course" of easy money until the economy is clearly rolling, NY Fed's...

The Fed will "stay the course" of easy money until the economy is clearly rolling, NY Fed's William Dudley says, advocating a broad interpretation of progress in the labor market: "It wouldn't be enough for me just to see the unemployment rate decline a bit. It would also matter why [it] is declining and whether that improvement is likely to be sustained in the future."
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