Fed's Dudley: Gradual rate hikes appropriate to avoid overheating, significant inflation overshoot.
|New York Fed's President William Dudley was on the wires, via Reuters, stating that gradual rate hikes appropriate to avoid overheating, significant inflation overshoot.
More headlines (via Reuters):
- Risks to U.S. growth, inflation may be shifting to upside
- More likely U.S. fiscal policy becomes more stimulative
- Now more confident inflation will stabilize at 2 pct goal
- Overseas economic outlook brightened, risks significantly lower than a year ago
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