Fed’s Dudley discusses unwinding of balance sheet

William Dudley
Dudley comments on unwinding of US balance sheet

The president of the Federal Reserve Bank of New York has said the US central bank will need to “taper reinvestment gradually and predictably” when unwinding its balance sheet.

Speaking in Florida on March 30, William Dudley spoke about the importance of financial conditions when conducting monetary policy, saying it was important not to overreact to every “short-term wiggle” in financial markets.

The New York Fed president also commented on the central bank’s balance sheet, which has been

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