"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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