NY Fed’s Dudley: ‘Remain Calm!! All Is Well! Flattening Yield Curve Is NOT A Bad Sign For The Economy!!’

The New York Fed’s President and CEO William (Bill) Dudley just uttered one of the silliest statements of all time at a business forum in Plattsburgh, New York.
(Bloomberg) – Federal Reserve Bank of New York President William Dudley sounded a positive note on the U. S. economy, saying the central bank wanted to tighten monetary policy ‘very judiciously’ to avoid derailing the expansion that began in mid-2009.

This post was published at Wall Street Examiner on June 19, 2017.