We got a few comments overnight from Federal Reserve officials.
ICYMI, the Dud was first up:
New York Federal Reserve Bank President Dudley:
- If another recession were to happen in the next few years, it is likely that the FOMC would be unable to respond with a cut of such magnitude
Post is here for more, and also the link to the full text (more via Reuters )
President of the Federal Reserve Bank of Cleveland Mester was on Bloomberg radio.
- Said all meetings are live, including November as she urged gradual hikes
Post is here (and a bit more). And, more from Reuters and Bloomberg
Long story, short, Dudley was his regular sorta dovish self, while Mester was a bit more gung-ho on the need for the next hike
From left to right, Dud, some guy in the middle, Mess