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.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: