FXStreet (Mumbai) – Federal Reserve Bank of New York President William Dudley was on the wires today stating the economy is doing pretty well and he expects the Fed to hike later this year.
Key Quotes
“If financial conditions tighten after first hike, we’ll more slowly”
“If policy was truly accommodative, then why is growth so low?”
“There is value in pushing unemployment below natural rate, equilibrium real interest rate now close to zero”
“Chinese growth a big issue for global economy”
(Market News Provided by FXstreet)