Comments from NY Fed President Dudley
– Pressure on labor resources increasing ‘quite slowly’
– ‘Inflation is simply not a problem’
– Optimistic that economic expansion will continue in the next few years
"The risk that the Fed will snuff out the expansion anytime soon seems quite low because inflation is simply not a problem," Dudley said. "The economy is not growing much above its sustainable long-term pace" and "pressures on labor resources have been increasing, but quite slowly."
