Fed's Dudley: US economy is doing 'ok on average'

Author: Adam Button | Category: Central Banks

Dudley comments in roundtable

  • US growth in H1 a touch below 2%
  • Still early days to understand consequences of Brexit vote
  • Uncertainties about US political process could add to downside pressure on economy
  • We want inflation and wage gains
  • Would like to see a little more inflation with wage gains
  • There are reasons to be patient on rates
  • Investment outlook has been weaker than expected


  • We want a 'little bit of inflation, not a lot'
  • We don't want inflation without wage gains
  • Would like to see minimum wage indexed to median wages
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