Dudley now talks shop on rates and the economy
– Says if economy performs in line with his forecasts he would still be in favour of hiking this year
– Fed has not been doing well on communicating
Talk about communication problems. Dudley’s the poster boy for that right now. He’s still ready to hike if his forecasts play out, yet has done nothing but tell us things are getting worse and that they’re not clear. That’s now weighing on the buck which headed down to 118.30
Fed’s Dudley says recent economic news suggests the economy is slowing
