Dudley: Growth Rebound Should Support Rate Rises in 2015

April 20, 2015 3:06 PM

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Federal Reserve Bank of New York President William C. Dudley said he’s relatively optimistic a growth rebound will warrant raising interest rates in 2015, though he’s “not reasonably confident right now” inflation will climb.

“I believe that the growth prospects for the U.S. economy over the remainder of 2015 will improve,” Dudley said in a speech at the Bloomberg Americas Monetary Summit in New York. “When, hopefully, the data support a decision to lift off later this year, it does not mean that U.S. monetary policy wil...

Also read: U.S. Consumer Spending Rises at More Moderate Pace, Incomes Jump

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