Dudley Calls for `Cautious and Gradual' Fed Tightening PathBy
New York Fed chief says risks still tilted to the downside
Confidence in inflation outlook higher than earlier this year
Uncertainty over the outlook for the U.S. economy is higher than usual, which calls for a “cautious and gradual approach” to interest-rate increases, Federal Reserve Bank of New York President William C. Dudley said.
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