Topic: William Dudley

September minutes show Fed close to easing

WASHINGTON (MarketWatch) - There was a general sense among many Federal Reserve officials that additional monetary policy easing may be appropriate "before long," according to a summary released Tuesday of the Sept. 21 discussions. Fed officials focused their discussion on a second ...
FEW PEOPLE WILL TAKE NOTE of Oct. 6 as a key date in history. The U.S. economy sank into what then was the worst contraction and the longest period of sustained 9%-plus unemployment since the Great Depression. And while the U.S. economy ...

Week in Review: September 20 - 24, 2010

-BP (BP) confirmed that it finished capping the Macondo well by drilling a relief well into its base, which represents a significant milestone for company. -Adobe Systems (ADBE) reported fiscal Q3 EPS of $0.54, ahead of consensus estimates of $0.49 per share. ...

Economy still on recovery path: Fed's Dudley

NEW YORK (Reuters) - U.S. economic growth is looking "far less robust" than the U.S. central bank would like, but bumps in the road are unlikely to derail the recovery, a top Federal Reserve official said on Thursday.Aggressively stimulative monetary policy and ...

Dudley Joins the Post-Keynesians

Mr. Dudley joins the Post-Keynesians. Their acceptance of the importance of the credit variable (and the impact of the death of securitisation) is very hopeful for future monetary policy, and the support brought by Mr. Dudley, in his remarks Comments on 'Financial ...
Many economists, Ben Bernanke foremost among them, have argued that monetary policy has effects that are independent of the traditional interest rate channel (where an increase in the money supply lowers the real interest rate and induces more investment and consumption spending). ...

Fed's Dudley says soft economy warrants low rates

NEW YORK (Reuters) - A tepid economic recovery should allow the U.S. Federal Reserve to keep interest rates at rock-bottom lows for a prolonged period, New York Federal Reserve President William Dudley said on Monday.Because the U.S. economy faces many headwinds, including ...

Beige Book Shows Signs Of Hope

The view from the Federal Reserve's art deco columns has brightened, if only a little, as the week brought a more self-assured attitude from its officials and a less-dour tone from its Beige Book.. The most recent remark came Wednesday from New ...
Top U.S. officials on Saturday offered reassurances that the worst of the economic downturn is likely over, helped by unprecedented efforts to keep credit flowing, though the recovery will be slow. Two Federal Reserve policy-makers, Vice Chairman William Kohn and New York ...