Federal Reserve Bank of New York President William Dudley said Thursday the case for rate rises this year remains robust amid risks the economy could overheat, and warned that the new tax law could boost the U.S. deficit over time. If the economy continues to make progress on achieving the Fed’s job and inflation goals, “I will continue to advocate for gradually removing monetary policy accommodation,” Mr. Dudley said in a speech given to a gathering of the Securities Industry and Financial Markets Association in New York.

Source: Wall Street Journal January 11, 2018 20:30 UTC