Speaking on Bloomberg TV
Other comments:Feds Dudley went on Bloomberg TV and reiterated thoughts and comments of the Feds current thinking. More tightenings in 2017. Keep the 2-3% level in mind going forward. There are calls for 2 more tightenings in 2017 and 3-4 more in 2018. That would get the Fed Funds rate in the middle of the 2-3% "neutral rate" target. The 2 year yield is stall at 1.2654%. The treasury market is still skeptical. But when 10 year rates in Germany are at 0.335%, the 1.2654% seems to be a huge pick up in yield.