Dudley Says Fed Should Err on Side of Raising Rates Late

April 8, 2015 4:23 PM

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Federal Reserve Bank of New York President William C. Dudley said the central bank should err on the side of waiting too long as it considers when to raise interest rates for the first time in almost a decade.

“Our intention would be to be conservative,” Dudley said in remarks on Wednesday at an event hosted by Reuters in New York. “I think there are strong arguments for being a little on the late side.”

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