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Feds Dudley on CNBC: Need to see what fiscal policy is enacted first
Speaking on CNBC • Investors factoring in a more fiscal policy • Don't know what fiscal policy will be • The details of fiscal policy are important • Correction by market probably was overdueI • Seen some uptrend of wage compensation. • General trend is a tighter labor market. • Tighter labor market not concerning. • Wants more fiscal policy detail before raising US growth forecast • Downside risks to economy are probably reduced •The dollar is firm because people have confidence in the US economy. Not a concern for him. • Would be more helpful if had fiscal stimulators in place to stabilize the ... (full story)