Statement

Name: William C. Dudley

Summary: Dudley Q&A: Liftoff Shouldn't Wait Til 'Whites of Infl's Eyes': ""Monetary policy works with a long and variable lag," said William Dudley, president of the Federal Reserve Bank of New York and vice chair of the Fed's policy-setting Open Market Committee, answering a moderator's questions following a luncheon presentation to the Economic Club of New York. "Personally, I don't favor waiting until I see the whites of inflation's eyes." Dudley, who while New York Fed president is also a permanent voting member of the FOMC, went on to say that delaying the start of rate tightening and raising by an initial 50 basis points rather than 25, would "risk a hard landing on the other side.""

Lean: Neutral

Substantially Similar to Prior Statements: No

Statement Date: November 12, 2015

Publication Date: November 12, 2015

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