Dudley Sees Case for Half-Point Fed Rate Cut Next Week
- Ex-New York Fed President sees slowing labor market as risk
- Bloomberg Opinion columnist Dudley last week saw 25bps cut
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Former Federal Reserve Bank of New York President William Dudley said there’s scope for a half-point rate cut at the central bank’s meeting next week.
“I think there’s a strong case for 50,” Dudley said on Friday at a forum organized by The Bretton Woods Committee in Singapore. “I know what I’d be pushing for.”