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Stocks snap 2-day skid as Fed’s Williams says central bank should act swiftly to quash slowdown signs

Clive McKeef
Stocks snap 2-day skid as Fed’s Williams says central bank should act swiftly to quash slowdown signs

U.S. stocks close higher Thursday, recovering from early losses, after New York Federal Reserve President John Williams said the central bank’s wisest strategy is to cut interest rates at the first sign of economic distress when interest rates are already low.