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New York Fed Chief Believes the Central Bank Is on the Right Track
The New York Times: William C. Dudley, the Federal Reserve Bank of New York president, who helped pilot the Fed’s post-crisis stimulus campaign, sounded pretty calm about the nation’s current economic situation.
In an interview on Friday, Mr. Dudley said he foresaw continued growth despite bumps in the early months of the year — enough growth for the Fed to get back to slowly raising its benchmark interest rate. And if growth should falter, he said, there is plenty of medicine in the Fed’s chest.
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