Fed can be 'gentle' in hiking rates, Dudley says

Fed can be 'gentle' in hiking rates, Dudley says
 

The Federal Reserve can be "gentle" in removing monetary stimulus since U.S. inflation remains low and the economic expansion could last five or more years, one of the most influential Fed policymakers said on Wednesday.
"We're at a point where the economic expansion has plenty of room to run," said New York Fed President William Dudley, echoing Fed Chair Janet Yellen's message last month after the central bank decided to leave interest rates unchanged at near a record low of 0.25-0.5 percent.
"Inflation is a little below our target, rather than above our target, so... read more

 
12 October 2016 in Business, Views: 37
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31