Dudley Says June-July Fed Hike Reasonable If Data on Track
- Says Brexit could influence timing of Fed rate hike decision
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Fed's Dudley: June-July Rate Hike Is Reasonable
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The Federal Reserve is moving closer to raising interest rates at one of its next two meetings and the fact this message is getting through to financial markets is welcome news, said New York Fed President William Dudley.
“If I’m convinced that my own forecast is on track, then I think a tightening in the summer, the June-July time frame, is a reasonable expectation,” Dudley told reporters Thursday in New York.