Speaking on reference rate reform at the BoE’s Markets Forum, in London, New York Fed President William Dudley, so far, did not touch on anything related to the Fed’s monetary policy outlook.
Key quotes:
“¢ Aggressive action needed to move away from Libor.
“¢ No guarantee Libor to continue to exist past Dec. 2021.
“¢ Trading in SOFR futures has gotten off to a good start.
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