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The US economy is at a pretty good place right now says Fed's Dudley
Dudders popping up in New York • We're pretty close to both of the Fed's objectives • We may have an inflation problem if you push unemployment much lower The last comment is almost at odds with what he's been saying recently about there not being a problem with inflation. Maybe my thoughts on the speed of these hikes holds some water? I doubt the Fed will risk jobs growth just to fight inflation. • The economy can absorb the current rate path • Economy will be able to adjust just fine • Rate rise we've had in place is extraordinarily gradual • Fed wants to make policy a little less accommodative • We ... (full story)