Dudley: Job, Inflation Years Away From Fed’s Comfort Zone

U.S. employment and inflation are likely several years away from being within the Federal Reserve’s comfort zone, William Dudley, president of the New York Fed said Tuesday. “Viewed through the lens of the Federal Reserve’s dual mandate — the pursuit of the highest level of employment consistent with price stability, the current situation is wholly unsatisfactory,” said Dudley, reiterating an argument he made earlier this month.- CNBC

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