Fed's Dudley Still Sees Liftoff This Year If His Outlook Is Met

  • The New York Fed Leader cautions forecast is not a pledge
  • Dudley says payroll gains are enough to reduce unemployment

Is the Fed Behind the Curve on Interest Rates?

Federal Reserve Bank of New York President William C. Dudley said he expects the U.S. central bank to raise interest rates by December, echoing comments by fellow regional Fed chief Dennis Lockart in Atlanta, while cautioning that this was not a pledge to action and will depend on the economy staying on track.

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