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Williams says Fed is 'listening' to a plunging stock market as part of data-dependent rate policy

MarketWatch – The Federal Reserve is "listening" to a plunging stock market but still views the economy as strong enough to stick to an increasingly data-dependent, yet higher, course for interest rates, New York Fed President John Williams said on CNBC Friday. The Fed raised rates by a quarter point this week, the fourth hike of the year, sending stocks SPX, +0.91% sharply lower. The Fed tweaked forecasts for 2019 and said it "judges" the need for modest hikes next year, though indicated fewer moves ahead than it had projected at recent meetings. Williams emphasized in the CNBC interview that
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