Speech from Dudley earlier: Should be cautious in raising rates, flatter path appropriate
In a Q&A now:
- Financial market conditions matter for setting policy
- Global developments also important for US outlook
- Federal Reserve monetary policy can impact far beyond US borders
(Headlines via Bloomberg)
Nothing controversial from Dudley there. On "Financial market conditions matter for setting policy" he may well be referring to the stronger US dollar, which will have a net 'tightening' effect on the US economy. and may well be a factor in the lack of a rate hike so far this year.
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ps, here is the text of his earlier speech in full
