Federal Reserve officials should keep global financial stability concerns in mind as they aim at domestic policy goals, even though emerging markets have become better equipped to handle financial volatility, said New York Fed President William Dudley.
William Dudley, president of the Federal Reserve Bank of New York, said that while harsh weather will slow growth during the first quarter, it won’t harm the economy enough to merit slowing the tapering of bond purchases.
Federal Reserve Bank of New York President William Dudley called on the U.S. government to try new programs to revive the housing market while saying the central bank may still consider ways to cut interest rates.
Among dozens of public appearances by Federal Reserve officials between their last two meetings, one stands out: New York Fed President William Dudley ’s Oct. 1 speech that more monetary stimulus likely was needed to combat “unacceptable” inflation and unemployment.
Federal Reserve Bank of New York President William Dudley said February’s increase in U.S. jobs gives him more confidence that January’s figures were dampened by harsh weather and reiterated the labor market will pick up.