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The Boston Globe

Business

Federal Reserve won’t consider problems abroad

Other nations on their own as stimulus eases

LONDON — Federal Reserve officials have rebuffed international calls to take the threat of fallout in emerging markets into account when tapering off US monetary stimulus.

The risk the Fed’s trimming of bond buying will hurt economies from India to Turkey by sparking an exodus of cash and higher borrowing costs was a dominant theme at the annual meeting of central bankers and economists in Jackson Hole, Wyo., that ended Saturday.

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