New York Federal Reserve President William Dudley recently crossed the news wires saying that the fiscal path of the United States was unsustainable and that could affect the policy through 2020.
Key quotes (via Reuters)
- Expects rates to climb a bit above neutral to “slightly restrictive policy stance.”
- Sees risk that trade, immigration policies could crimp the U.S. economy’s capacity.
There was no apparent market reaction to these comments and the US Dollar Index was last seen at 94.75, where it was down 0.2% on the day.
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