Economics
Fed's Dudley Sees Moderate Growth and Higher Inflation Ahead
- New York Fed chief says low productivity weighs on wage growth
- High inequality one of America’s most important issues: Dudley
Konstam Says Fed Has to ‘Keep on Believing’ in Targets
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Federal Reserve Bank of New York President William Dudley offered a positive outlook for the U.S. economy, job market and inflation on Thursday, saying better conditions would help support the most vulnerable Americans.
“Our outlook anticipates a continued moderate growth trend, with some further strengthening in the labor market and an increase in inflation over the medium term toward our objective of 2 percent,” he said in opening remarks prepared for delivery at a press briefing in New York on inequality.