Dudley speaks to Bloomberg on "Financial Tumult of Our Times and Challenges Ahead"
- The household sector is in good shape financially
- We saw another healthy gain in jobs today
- I would be surprised if expansion were to end in next year or two
- The outlook over the next couple years is 'pretty good'
- Says trade and debt are two main risks
- It would be shocking if corporate tax cut didn't lead to investment, the question is 'how much?'
- Historically, investment spending hasn't been that tied to the cost of capital
- So far we haven't seen signs of an acceleration in investment spending
- Says he's not ready to declare victory on hitting inflation target
- Bitcoin is not a very good currency
- Bitcoin is mostly a speculative instrument, people should be very careful
