Fed’s Dudley says we need more

I was about to write on Income and Spending but was sidetracked by this comment from Fed voting member Dudley who said in a speech, “Further action is likely to be warranted unless the economic outlook evolves in a way that makes me more confident that we will see better outcomes for both employment and inflation before too long.” Since we are only a month before the next meeting and the Fed seems to have little patience as evidenced by Dudley’s comments, strap on your seat belt and close your eyes.

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