Dudley: Rate-Rise Timing Data-Dependent, Uncertain in Nature

April 6, 2015 6:10 PM

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Dudley: Rate-Rise Timing Data-Dependent, Uncertain in Nature

As the Federal Reserve watches economic developments in considering when best to raise rates, how financial markets respond will be just as important in determining the policy path, a top U.S. central bank official said Monday.

“How fast the normalization process will proceed depends mainly on two factors: how the economy evolves and how financial market conditions respond to movements in the federal funds rate,” said William Dudley, president of the Federal Reserve Bank of New York, speaking at the New Jersey Performing A...

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