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Fed's Dudley 'Somewhat Less Confident' on Inflation Outlook

  • Dudley marked down growth forecast only 'very modestly' so far
  • Downside risks have risen and could trigger larger downgrade
Updated on

Federal Reserve Bank of New York President William Dudley said that while he still expects inflation to reach the U.S. central bank’s 2 percent target over time, he’s lost some confidence in that prediction, adding his voice to the concern expressed by several other policy makers.

QuickTake The Fed Lifts Off