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Dudley Says Fed Will Need to Hike Past Neutral to 'Tight'

Duration: 02:28Views: 1.5KLikes: 26Date Created: May, 2022

Channel: Bloomberg Markets and Finance

Category: News & Politics

Tags: bloomberg

Description: Former Federal Reserve Bank of New York President Bill Dudley says the Fed will need to raise interest rates above the central bank's "neutral" target to curb US inflation. "Monetary policy might actually not just have to go to neutral, Dudley says on Bloomberg Television. "I think a tight monetary policy is what's going to be required to keep inflation under control."

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