Dudley Doesn’t See Additional Fed Action Against Europe Crisis
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Federal Reserve Bank of New York President William C. Dudley said the Fed isn’t planning to undertake additional steps to curtail the impact of Europe’s crisis, while standing by to boost liquidity if necessary.
“At this time, although I do not anticipate further efforts by the Federal Reserve to address the potential spillover effects of Europe on the United States, we will continue to monitor the situation closely,” Dudley, 58, said in prepared testimony. He is scheduled to appear at 9:30 a.m. at a hearing in Washington of a House Oversight and Government Reform subcommittee, which posted the remarks on its website.