Dudley hits back at plans to curb Fed discretion

William Dudley

Federal Reserve Bank of New York president William Dudley on March 31 warned of the potential damage that plans to force the Fed to follow rules-based policy could inflict.

In remarks to the Virginia Association of Economists, Dudley tackled proposals by the US congress that would force the Fed to specify a formal rule for setting its monetary policy and stick to it.

"This is a poor idea because adherence to a simple rule would undoubtedly lead to significant policy errors," he said. "The world

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.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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: