Former New York Fed President Bill Dudley criticizes the Federal Reserve for underestimating the natural rate of interest, suggesting it should raise rates indefinitely to combat inflation. Dudley asserts that the current funds rate of 5.25%-5.50% is insufficient to curb inflation and economic growth.
Former NY Fed Pres Dudley: The FOMC isn’t doing enough to fight inflation https://t.co/0BRPVx6UK0
"I think r* is a lot higher than the Fed recognizes — which means the central bank isn't doing enough to fight inflation." -Bill Dudley https://t.co/LuIlSmV8Dt
Think interest rates are high? That's a miscalculation, says former New York Fed President Bill Dudley https://t.co/SRFRBGtCdw via @opinion
"I think r* is a lot higher than the Fed recognizes — which means the central bank isn’t doing enough to fight inflation. The current funds rate 5.25%-5.50% is exerting negligible restraint on growth and inflation." --Bill Dudley, @opinion https://t.co/SpcVUnLmD1 via @opinion
Ex-NY Fed's Bill Dudley: "I think r* is a lot higher than the Fed recognizes, which means the central bank isn’t doing enough to fight inflation...Perhaps the Fed’s mantra, instead of 'higher for longer,' should be 'higher indefinitely.'" https://t.co/vEI159296T
Think interest rates are high? That's a miscalculation, says former New York Fed President Bill Dudley https://t.co/ln4GMH87FQ