New York Fed President William Dudley On Friday Shed - Dollar Advisory & Financial Services

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Saturday 8 April 2017

New York Fed President William Dudley On Friday Shed

New York Fed President William Dudley on Friday shed more light on the US central bank's developing plan for when to stop replacing bonds that expire in its portfolio, how to execute it, and how far it would ultimately shrink its balance sheet.

US Treasury yields rose after Dudley's remarks, which helped push equities lower, according to Paul Zemsky, chief investment officer, Multi-Asset Strategies and Solutions, at Voya Investment Management in New York.

LibertyView's Meckler said Dudley's remarks were not earth-shattering but "small statements are having a magnified affect because investors are worried."


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