, Columnist
The Most Interesting Man in the (Bond) World Revealed
New York Fed's Bill Dudley rises up to roil bond traders.
Dudley corrals puts bond traders.
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William Dudley, head of the Federal Reserve Bank of New York, is The Most Interesting Man in the (Bond) World. Just like the legend from the Dos Equis beer commercials, Dudley doesn’t speak often, but when he does, traders listen.
After months of increasingly shrill warnings about higher interest rates from Fed officials, the bond market finally paid attention when Dudley -- who is also vice chair of the Fed’s policy setting Federal Open Market Committee -- said Tuesday afternoon that the case for tighter policy had become “a lot more compelling.”