Fed's Dudley lays groundwork for Sept. pause

|By:, SA News Editor

Speaking to CNBC, FRBNY President Bill Dudley says the season's hurricanes mean short-term pain for the economy, and could impact the timing of the next rate hike. The comments coming from an economy bull, that sounds like another way of saying, "no rate hike this month."

Dudley, however, sees no reason not to proceed with a plan to begin paring the central bank's balance sheet, and still believes additional rate hikes are in the future.

Subscribe for full text news in your inbox