Economics
Fed's Dudley Says He Still Favors Another Rate Hike in 2017
- Dudley says September balance-sheet release not unreasonable
- New York Fed chief sees inflation picking up in coming months
Tony Morriss, head of economics and rates strategy at Bank of America Merrill Lynch, discusses the timing of the next Fed rate hike and his outlook for the bond market. He speaks on 'Bloomberg Daybreak: Australia.' (Source: Bloomberg)
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Federal Reserve Bank of New York President William Dudley said it isn’t unreasonable to expect the central bank to announce plans in September to start trimming its balance sheet and said he supports another interest-rate increase this year if the economy evolves as he expects.
“I would expect -- I would be in favor of doing another rate hike later this year” if the economy holds up, Dudley said, speaking in an interview with the Associated Press.