REFILE-WRAPUP 2-Dudley: Fed no magician, but can support economy – Finanz Nachrichten

ITHACA, N.Y., Oct 25 (Reuters) – The U.S. Federal Reserve cannot ‘wave a magic wand’ to fix the economy overnight, but it can provide ‘essential’ support, a top Fed policymaker said on Monday. Indeed, support will likely be warranted unless economic …

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