Dudley in the FT
- There are arguments for hiking or waiting
- Financial conditions are very accommodative
- "Three rate hikes in 2018 seems a very reasonable type of forecast" ... it could move
- "We haven't really seen much of an acceleration" in wages
- To the extent the dollar were to weaken that would probably create a little bit more upward pressure on import goods prices
- I think Chair Powell will be on the same page as Chair Yellen
- It is not an unreasonable assumption to think Fed will hike in March
These are hawkish comments but Dudley is retiring soon.