Fed won't alter course due to volatile markets

Washington

THE Federal Reserve is watching carefully as financial markets bounce around, but the likely course of monetary policy remains the same, officials have said in recent public comments and interviews.

The Fed still intends to finish its bond-buying campaign at the end of the month. And it is still likely to start raising interest rates in mid-2015, although it now seems a little less likely that the Fed would act sooner, and more likely it would wait longer.

"Just based on a short period of volatility, that's not enough for me to make much of an adjustment," Eric Rosengren, president of the Federal Reserve Bank of Boston, said in an interview on Saturday. "We need more time to evaluate whether we should be doing any updating. And I would say the financial market movements have not been triggered by very …