Federal Reserve New York President William Dudley speech is here
More comments now (from Q&A)
- Says Yellen's message is if economy stays on current trajectory, Fed will gradually raise rates
- Fed is proceeding cautiously because of uncertainty in rest of world
- Fed is also proceeding cautiously because of risk management considerations
More:
- Fluctuating USD demand does not say much about policy
- Negative rates not on the table in US
- Next Fed move on rates is likely to be up not down
- Not sure benefits of negative rates outweigh risks
- Not ruling out negative rates, but not thinking about it
He's still going ... More:
- Fed doesn't want higher inflation without higher wages