US Federal Reserve board member Dudley speaking at a scheduled event 12 Oct

  • at the Fed we take the world as it is

Yea, of course you do.

Dudley referring to suggestions that any rate hike has been delayed until after the November elections.

  • Fed could have been more aggressive at recession outset
  • global economy is growing faster on average than US
  • weight of economic activity shifted from Europe to Asia
  • global economy is doing ok

Really? Crikey, we're all saved. Hurrah!

Fed's Dudley says they're not politically sensitive