- Fed's Dudley says tax cuts make him 'considerably more cautious' about longer-term economic outlook
Market news
12 January 2018
Fed's Dudley says tax cuts make him 'considerably more cautious' about longer-term economic outlook
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Says U.S. fiscal path now unsustainable, sees risks to U.S. creditworthiness
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Significant portion of tax cuts will be saved not spent
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Tax cuts could lead to economic overheating, hurt long-term fiscal position
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Expects above-trend gdp growth, rising inflation in 2018
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U.S. Tax cuts to give short-term boost to economy but pose serious long-term risks
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