Dudley Speech

July 31st, 2016 9:36 pm | by John Jansen |

Federal Reserve Bank of New York President William Dudley spoke this evening in Indonesia. He created a gaggle of headlines.

Here is a link to the speech.

 

Here are some of the headlines:

*        01-Aug-2016 09:15:00 AM – NEW YORK FED’S DUDLEY SAYS U.S. CENTRAL BANK SHOULD BE CAUTIOUS IN RAISING INTEREST RATES, FLATTER TIGHTENING PATH APPROPRIATE
*        01-Aug-2016 09:15:00 AM – FED’S DUDLEY SAYS PREMATURE TO RULE OUT U.S. RATE HIKE BEFORE END OF 2016
*        01-Aug-2016 09:15:00 AM – DUDLEY SAYS EXPECTS FED TO HIKE MORE THAN ONCE BEFORE END OF 2017
*        01-Aug-2016 09:15:00 AM – FED’S DUDLEY SAYS MEDIUM-TERM RISKS TO U.S. ECONOMIC GROWTH SKEWED TO DOWNSIDE
*        01-Aug-2016 09:15:00 AM – DUDLEY SAYS FED MUST BE A BIT MORE CAREFUL ABOUT TIGHTENING EARLY VS LATE
*        01-Aug-2016 09:15:00 AM – FED’S DUDLEY SAYS RISKS REMAIN ‘ASYMMETRIC’ BECAUSE INTEREST RATES STILL CLOSE TO ZERO
*        01-Aug-2016 09:15:00 AM – DUDLEY SAYS FED EXPECTS LESS AGGRESSIVE TIGHTENING IN PART DUE TO GLOBAL MONETARY EASING, RISING U.S. DOLLAR
*        01-Aug-2016 09:15:00 AM – FED’S DUDLEY SAYS BREXIT AFTERSHOCKS POSE MEDIUM-TERM DOWNSIDE RISKS TO GLOBAL ECONOMY
*        01-Aug-2016 09:15:00 AM – FED’S DUDLEY SAYS U.S. ELECTION UNCERTAINTY COULD FURTHER SOFTEN U.S. BUSINESS INVESTMENT
*        01-Aug-2016 09:15:00 AM – FED’S DUDLEY SAYS INCREASINGLY CLEAR THAT SOME POST-CRISIS HEADWINDS LIKELY PERSISTENT
*        01-Aug-2016 09:15:01 AM – FED’S DUDLEY SAYS EXPECTS 2 PCT U.S. GDP GROWTH OVER NEXT 18 MONTHS AFTER ‘SLUGGISH’ Q2
*        01-Aug-2016 09:15:01 AM – FED’S DUDLEY SAYS CONFIDENT U.S. INFLATION TO RETURN TO CENTRAL BANK’S 2 PCT GOAL OVER MEDIUM TERM

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