Bill Dudley
Bill Dudley
William McGarvey "Bullet Bill" Dudleywas a professional American football player in the National Football League for the Pittsburgh Steelers, Detroit Lions, and Washington Redskins. He was inducted into the Pro Football Hall of Fame in 1966 and the Virginia Sports Hall of Fame in 1972...
ProfessionFootball Player
Date of Birth24 December 1921
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What's really happened is technology has basically favored capital markets over depository institutions because it has reduced the cost of making transactions.
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The problem with retaining your flexibility is you also create uncertainty. I'd be very pleased if the Fed took some new initiatives, but I'm not expecting it.
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Like everyone, we are looking for a 25 basis point hike from the Fed and people will be looking for clues on whether that's it for the year.
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Would you really buy a computer early if computing prices are falling? ... You'll probably have a bit of a bulge in spending in the fourth quarter, but we think people are overstating the benefits.
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Since it is the tightness of monetary policy you have to worry about in terms of implications for the economy, not the shape of the yield curve, per se, it should tell you not to be particularly nervous about the outlook.