Fed's Dudley urges caution on rate hikes, cites risks to U.S. "For these reasons, I think it is premature to rule out further monetary policy tightening this year," he said in prepared remarks for the speech at a resort hotel. William Dudley, President of the New York Federal Reserve Bank, speaks at Brooklyn College in the Brooklyn borough of New York, March 7, 2014. A Reuters poll of economists recently pointed to the December policy meeting as the most likely time for a rate increase. Yet Dudley was coy on just how many rate increases he envisioned, saying only that he expected the central bank to move at least more aggressively than current futures-market predictions for only one rate increase by the end of 2017.

Source: VietNamNet News August 01, 2016 01:07 UTC