New York Fed President Bill Dudley
- Fed to keep gradually removing accommodation
- Trade to be less of a drag due to softer USD and growth abroad
Consumer spending should keep advancing in coming quarters - Expects inflation will rise and stabilize around 2% goal
- Expects 'temporary, idiosyncratic' price factors to fade
- Slightly above-trend US growth to support wage gains
For the longest time, Dudley was a major dove but he's more of a hawk now. Even with inflation missing target, he's optimistic.
