Fed’s Dudley: the Fundamentals of sustaining the expansion are quite favorable




New York Fed President Bill Dudley

  • Fed to keep the phasing out of the housing
  • Trade less of a drag because of the weakness of the USD and of the foreign growth
    Consumer spending should continue to grow over the next few quarters
  • Provides that the inflation will increase and stabilize around 2% of the target
  • Expected to temporary, idiosyncratic pricing factors to fade
  • Slightly above-trend growth in the u.s. economy to support wage gains

For the longest time, Dudley was one of the main dove, but it is more of a hawk now. Even with inflation missing the target, that he is optimistic.



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