The former NY Fed chief Dudley sees a strong case for a 50bp rate cut - report
Investing.com -- Former New York Federal Reserve President Bill Dudley expressed support for a 50-basis-point interest rate cut in thwas a strong case, Reuters reported on Friday.
Speaking at the Bretton Woods Committee’s annual Future of Finance Forum in Singapore, Dudley said, “I think there's a strong case for 50, whether they're going to do it or not.” Dudley pointed out that current rates are around 150 to 200 basis points above the neutral rate, where monetary policy is neither restrictive nor accomodative, the report added.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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