Dudley: Fed should not ease monetary policy
Publish Date : 2019/08/28 - 10:25

Bill Dudley, former New York Fed President, believed that Federal Reserve is not responsible for economy condition and offsetting of the negative economic impact caused by Trump’s trade war. In other word, Fed shouldn’t support economy even if it is on the brick of recession.

Analysts suggest that Dudley’s words undermined the Fed’s independence and let Trump to say that Fed works against him.

Source: Fxstreet

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