Dudley Predicts ‘Relatively Slow’ Tightening Pace

Dudley Predicts ‘Relatively Slow’ Tightening Pace Play

May 20 (Bloomberg) -- Federal Reserve Bank of New York President William Dudley talks about the outlook for U.S. economic growth and the impact on monetary policy. Dudley, speaking to the New York Association for Business Economics, said the pace of eventual interest rate increases “will probably be relatively slow,” depending on the economy’s progress and how financial markets react. (Source: Bloomberg)

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