William Dudley
William Dudley
consumers convince increase market november possible rate slow stock
It's possible we'll see at least one more rate increase in November and we could see another one or two after that if things don't slow down. It may take that much to convince consumers and the stock market to take a breather.
consequences growth
It's not that growth is bad. It's that the consequences of that growth can be negative.
economic faced fed hand hard higher keeping landing objectives officials oil prices restraint risk shock
If such an oil shock occurred, the risk of a hard landing would increase. Fed officials would be faced with conflicting objectives -- on one hand offsetting the restraint exerted by higher oil prices on economic activity, and on the other hand keeping inflationary expectations in check.