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Tags: Fed | Dudley | Jobless | Rate | Decline | Slowly

Fed’s Dudley: Jobless Rate Will Decline ’Slowly’

Tuesday, 12 April 2011 10:42 AM

Federal Reserve Bank of New York President William C. Dudley said the U.S. jobless rate will decline “slowly.”

Still, the economy is “far away” from what the Fed aims for on employment and job creation to allow for an exit from crisis-imposed policy measures, Dudley said during a panel discussion in Hong Kong today.

If policy makers observe an unanchoring of inflation expectation, they may “bring forward the time of exit,” he added.

© Copyright 2022 Bloomberg News. All rights reserved.


FinanceNews
Federal Reserve Bank of New York President William C. Dudley said the U.S. jobless rate will decline slowly. Still, the economy is far away from what the Fed aims for on employment and job creation to allow for an exit from crisis-imposed policy measures, Dudley said...
Fed,Dudley,Jobless,Rate,Decline,Slowly
73
2011-42-12
Tuesday, 12 April 2011 10:42 AM
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