Dudley Says Fiscal Debate Among Risks to Economic Outlook

Federal Reserve Bank of New York President William C. Dudley said budget battles in Washington are among the risks to the outlook and he wants to see more momentum in the economy before paring the pace of the central bank’s bond buying.

Debate in Congress on raising the debt ceiling and how to fund the government for the next fiscal year “creates uncertainty about the fiscal outlook and may exert a restraining influence on household and business spending,” Dudley said today in a speech in Syracuse, New York.