Fed’s Dudley Says Brexit Could Pose Risks If Turmoil Spreads

  • New York Fed chief says will take time to assess vote impact
  • Dudley says Fed can be patient on policy as inflation is low

Britain’s vote to leave the European Union could escalate into a significant headwind if it triggers wider financial market turmoil, said Federal Reserve Bank of New York President William Dudley, potentially clouding the horizon for U.S. interest-rate policy.

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