The dollar was set for its biggest weekly gain in three months versus the yen before the release of U.S. payrolls data, with Federal Reserve officials reiterating the threshold for changing its stimulus tapering is high.
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.
Federal Reserve Bank of New York President William Dudley said the central bank’s purchases of bonds have made the outlook for the economy “considerably brighter,” with growth likely to quicken this year and next.