NY Fed’s Dudley confident in QE3 benefits

William Dudley

The president of the Federal Reserve Bank of New York, William Dudley, on September 18 said the US's third round of quantitative easing (QE) will help achieve "more rapid progress" toward maximum employment in the context of price stability.

Speaking at the Morris County Chamber of Commerce in New Jersey, Dudley said if further monetary easing was not pursued, he believed growth would remain "too subdued" over the next several years to utilise the spare capacity remaining in the economy.


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