Fed's Dudley spoke earlier: "Warns of Overheating Risks" - recap
Federal Reserve Bank of New York President William Dudley spoke earlier, headlines here:
- More from Dudley: forecast for 3 rate hikes this year a reasonable starting point
- Fed's Dudley: Strong case to to keep gradually raising rates
Both the Wall Street Journal and Financial Times have recaps up on his remarks now, both with emphasis on coming rate rises:
- Fed's Bill Dudley says tax cuts lift rate rise prospects
Boost to economy in 2018-19 could require central bank to 'press harder on brakes'
- Fed's Dudley Makes Case for Rate Rises, Warns of Overheating Risks
New York Fed president also says the new tax law creates fiscal stability issues
Both the Journal and FT may be gated, but you go the gist from the earlier ForexLive news anyway. If you can't access the two pay sites, Reuters have this, with a different take on the matter!
One of the Federal Reserve's most influential members on Thursday offered a point-by-point critique of U.S. President Donald Trump's sweeping tax cuts, warning they put the country on an unsustainable fiscal path that will imperil the economy's stability down the road.
Bloomberg and Reuters are both ungated