Fed's Dudley: Could need to go slightly above 2% to keep inflation anchored

Eren Sengezer FXStreet

Following his prepares speech, New York Fed President William Dudley is delivering additional comments, with key headlines (via Reuters) found below.

Powell, quarles are 'really high quality' people.

Little discord at fomc going into what should be smooth transition from Yellen to Powell.

High U.S. Deficit suggests there is little fiscal capacity to deal with economic downturn.

Vacancies on FOMC have no impact on policy-making; transition will be fine.

Low inflation creates uncertainty but sill expect prices to drift higher.

Probably will need to push inflation above 2% goal for a while to anchor expectations.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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