Fed's Dudley: More than four hikes would no longer be 'gradual'

Author: Adam Button | Category: Central Banks

Dudley on CNBC

  • Trade threats still pose risk to the economy
  • Stock market valuations don't look unreasonable
  • China's currency likely appreciated over the past year
  • We're back to a more-reasonable level of volatility
  • Financial conditions still very accommodative
  • Fed to gradually remove accommodation
  • Three or four total hikes this year is reasonable
  • More than four hikes would no longer be 'gradual'
  • Five or six hikes is 'quite unlikely'
  • John Williams is extremely well qualified to take position

Dudley is the New York Fed President but he's retiring in June., Williams will replace him.