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NY Fed president urges caution on rate hikes, cites risks to America

Mr Dudley argues that negative shocks were more likely . . . due to the unknown fallout from Britain's vote to leave the European Union and a strong dollar.

Nusa Dua, Indonesia

THE Federal Reserve should be cautious on interest rate increases due to lingering risks to the US economy, one of its most influential policymakers said on Monday, appearing to signal the chance of a hike by the end of the year was fading.

While New York Fed