Federal Reserve Bank of New York President William C. Dudley hopes that the Fed will hike its interest rate this year

Market news

20 April 2015

Federal Reserve Bank of New York President William C. Dudley hopes that the Fed will hike its interest rate this year

The Federal Reserve Bank of New York President William C. Dudley said on Monday that he hopes that the Fed will hike its interest rate this year.

The Federal Reserve Bank of New York president noted that long-term interest rate target could be 3.5%.

Dudley is a voting member of the Federal Open Market Committee.

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