Fed’s Dudley drops a major dovish hint:
– International developments have raised downside risks
– Still appears to be excess slack in labor market
– Important not to overreact to market developments
Major dovish signal from the Fed’s Dudley but his ‘hope’ to hike rates this year has taken a bit of the shine off of it.
Fed’s Dudley: Sept rate hike seems less compelling to me than it was a few weeks ago
ByAdam Button
Aug 26, 2015