Fed’s William Dudley says US economy weaker than fed thought

William Dudley up bright and early on CNBC saying that the Fed are now expecting slower growth and that the US economy is weaker than they thought it would be back in June

• Tapering requires jobs market and economy improvement
• People jumped to the wrong conclusions on tapering
• Taper still possible this year but is data dependant

Dudley was out in force yesterday with some of his Fed buddies. Looks like we’re getting more of the same today.