Economics

Fed Officials Stress Gradual Rate-Rise Pace After Liftoff

  • Dudley: Conditions to raise rates `could soon be satisfied'
  • `Critically important' to communicate gradual path, Evans says

Why Fed's Dudley Is Not Ready to Pledge December Liftoff

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Federal Reserve officials stressed that policy should be tightened gradually after interest rates are increased for the first time since 2006, in an attempt to shift investors’ focus as New York Fed President William C. Dudley said the conditions for liftoff “could soon be satisfied.”

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