Former New York Fed President William Dudley recently crossed the wires arguing that there wasn’t much evidence that the monetary policy was too tight.
Key quotes
- Fed raising rates yesterday was the correct thing to do, does not believe it was a close call.
- Does not see a rate hike in January.
- Fed trying not to go too fast or too slow on policy.
- Cites key is to focus on Fed’s outlook.
- Noted Fed may not have dialed it back as much as market desired.
- If economy starts to weaken then Fed would definitely pause.
- Sees 2 or 3 more hikes as most likely from Fed.
Source: LiveSquawk.
Share
