EghtesadOnline: For two decades, William Dudley has led a charge to change the way central bankers think about how they steer their economies through the booms and busts of financial markets. As president of the Federal Reserve Bank of New York, he’s showing them during the current tightening cycle what he’s been talking about all along.
EghtesadOnline: Federal Reserve Bank of New York President William Dudley said three interest-rate hikes in 2017 is a “reasonable” projection and that the central bank may also begin shrinking its balance sheet later this year or in 2018, possibly pausing rate increases in the process.
EghtesadOnline: The dollar dropped to a session low in choppy trading after New York Federal Reserve Bank President William Dudley said that 2 more rate increases in 2017 seem about right, though there’s no need to hurry given that the economy is far from overheating.
EghtesadOnline: The United States "absolutely must" complete unfinished work ending the too-big-to-fail bank problem that helped plunge the global economy into recession eight years ago, an influential Federal Reserve policymaker said on Saturday.
EghtesadOnline: International trade binds economies together and has become more important over the years, and developments in one country can spill over into the stability of others, an influential Federal Reserve policymaker said on Thursday.
EghtesadOnline: The Federal Reserve is raising expectations for an interest rate rise this year, even as early as next month, after two policymakers on Tuesday said the economic stars now appear to be aligning despite weak U.S. economic growth in the first half of 2016.