"It is too soon to conclude that we are out of the woods," says NY Fed chief Bill Dudley, noting...


"It is too soon to conclude that we are out of the woods," says NY Fed chief Bill Dudley, noting things looked rosy at this point in 2010 and 2011, only to fade later. The mild winter may have pulled forward some economic activity and hiring, he believes. It's a dovish speech that should eliminate any thought the key powers on the FOMC are considering exit strategies in 2012.
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  • kmi
    , contributor
    Comments (4605) | Send Message
     
    Warmest March on record, is there any chance at all that economic activity was not pulled forward?

     

    My heat bills were (past tense since we are pretty much out of the winter) almost 50% of what they were last year (which was an overly cold winter).

     

    Most likely with no heating burden on folks wallets till october / november things should hold steady in the economy and oil is increasingly looking like it will need to pull back some (unless something happens with Iran of course), so this 'recovery' - or whatever you want to call it - should hold....
    12 Apr 2012, 08:59 AM Reply Like
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