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"I think we can still see something like 2 percent growth in U.S. this year, and therefore I think the markets are clearly exaggerating," he told CNBC's "Squawk on the Street."

Federal Reserve Bank of New York President William Dudley echoed that sentiment in a speech on Friday, saying recent data had been soft, but the economic situation has not changed substantially since the last meeting of the Federal Open Market Committee, during which the Fed raised interest rates for the first time in nearly a decade.
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