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WSJ: Fed's Dudley Sees Reasonable Case for December Rate Hike

WSJ: Fed's Dudley Sees Reasonable Case for December Rate Hike
(DreamsTime)

Friday, 01 December 2017 03:09 PM

New York Federal Reserve President William Dudley agrees with Fed chair nominee Jerome Powell that there is a reasonable case for an interest rate hike in December, the Wall Street Journal on Friday reported him as saying.

A rate hike in December would be the third by the Fed this year and Dudley said continuing to raise rates along the same path in 2018 would depend on how the U.S. economy performs.

"Let's imagine that I had three rate increases penciled in for 2018. I'm not wed to that in any way. We could do more. We could do less," he told the Wall Street Journal.

He also said if the current U.S. economy conditions were to continue, the Federal Reserve would continue to gradually remove monetary policy accommodation.

© 2018 Thomson/Reuters. All rights reserved.

   
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New York Federal Reserve President William Dudley agrees with Fed chair nominee Jerome Powell that there is a reasonable case for an interest rate hike in December, the Wall Street Journal on Friday reported him as saying.
new york, fed, rate, hike, dudley, wsj
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2017-09-01
Friday, 01 December 2017 03:09 PM
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