feds dudley september rate hike now less compelling
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Fed's Dudley: September rate hike now less compelling

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Arab Today, arab today Fed's Dudley: September rate hike now less compelling

Head of the Fed's New York branch William Dudley
New York - Arab Today

A top Federal Reserve official said Wednesday that there was less justification now for raising interest rates in September than just a few months ago.

The need to normalize monetary policy in September seems "less compelling to me," said William Dudley, head of the Fed's New York branch and a voting member of the rate-setting Federal Open Market Committee.

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