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Dudley Says He Can’t Be Sure If Next QE Move Is ‘Up or Down’

Federal Reserve Bank of New York President William C. Dudley said he has not decided whether the Fed’s next move should be to enlarge or shrink its bond buying program as he called for a fresh look at its eventual retreat from record asset purchases.

“Because the outlook is uncertain, I cannot be sure which way -- up or down -- the next change will be,” Dudley said in a speech today in New York.