Market turmoil makes September rate hike 'less compelling': Fed's Dudley

NEW YORK (Reuters) - An interest rate hike next month seems less appropriate given the threat posed to the U.S. economy by recent global market turmoil, an influential Federal Reserve official said on Wednesday.

Dudley Says Financial Stability Critical to Policy

NEW YORK--A central bank official at the heart of the monetary policy-making process said on Sunday that the Federal Reserve must consider the state of financial markets when making monetary policy.