Dudley: Why Fed may need to get 'more aggressive', The Federal Reserve may have to get even more aggressive with policy if its efforts to tighten aren't reflected in short-term interest rates, New York Fed President Bill Dudley said Friday.
In remarks delivered at a conference, the central bank official said if low short-term rates continue even after the Fed's Open Market Committee starts lifting its target funds rate off near-zero, then "it would be appropriate to choose a more aggressive path of monetary policy."
After more than six years of low rates, the Fed is contemplating modest tightening of policy, with the first hike expected to come later in 2015. However, the timing of the hike and the frequency of additional increases thereafter remain cloudy....Read More
In remarks delivered at a conference, the central bank official said if low short-term rates continue even after the Fed's Open Market Committee starts lifting its target funds rate off near-zero, then "it would be appropriate to choose a more aggressive path of monetary policy."
After more than six years of low rates, the Fed is contemplating modest tightening of policy, with the first hike expected to come later in 2015. However, the timing of the hike and the frequency of additional increases thereafter remain cloudy....Read More
