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- New York Fed President William Dudley: it is too early for an interest rate hike by the Fed as the global economic growth is weak
New York Fed President William Dudley: it is too early for an interest rate hike by the Fed as the global economic growth is weak
The Italian newspaper CorrierEconomia reported on Monday that New York Fed President William Dudley said last Thursday that it is too early for an interest rate hike by the Fed as the global economic growth is weak.
"It's true we thought we could raise interest rates by the end of 2015, but turbulence on financial markets, modest global growth, energy prices and macro-prudential imbalances are slowing this process down," he said.
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