Dudley Says Fed Shouldn’t Rush to Tighten Policy ‘Too Early’
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William C. Dudley, president of the Federal Reserve Bank of New York, said the U.S. central bank shouldn’t rush to tighten monetary policy.
“We’re probably going to have excess slack in the U.S. labor market at least through the end of 2012, and that’s one reason that colored my view that we shouldn’t be overly enthusiastic about tightening monetary policy too early,” Dudley told a forum in Tokyo today.