Fed’s Dudley Warns of Over-Optimism

One of the Federal Reserve’s most powerful policy makers pushed back against an increasingly hawkish tone from other Fed officials worried about inflation, saying he saw no need for the U.S. central bank to reverse course. William Dudley, president of the NY Federal Reserve Bank, said on Friday the Fed was “still very far away” from achieving its mandate of maximum sustainable employment and price stability, even though the economy is on a firmer footing. – Reuters