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The U.S. Monetary Policy Outlook and its Global Implications
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The U.S. Monetary Policy Outlook and its Global Implications

Remarks at the Bloomberg Americas Monetary Summit, New York City, April 20, 2015

William C. Dudley
Federal Reserve Bank of New York, 2015
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Editorial Rating

8

Qualities

  • Overview
  • Background

Recommendation

America’s economy has been steadily emerging from the rubble of the Great Recession, but ongoing low rates of growth, employment and inflation signify there’s more work to do. Federal Reserve Bank of New York president William C. Dudley outlines his views on the job ahead for the US central bank as it approaches “normalization” in monetary policy in 2015. getAbstract believes that his tempered but upbeat assessment of the US economic outlook, as well as his thoughts on the global impacts of changing Fed monetary policy, are required reading for investors, executives and Fed watchers.

Take-Aways

  • Economic recovery in the United States continues, and the outlook for 2015 and beyond is favorable.
  • Hours worked have risen, though wage gains have yet to materialize, and lower energy costs add to consumers’ purchasing power.
  • Headwinds to improved economic growth come from a stronger dollar and lower energy prices, which will curtail US oil production and exploration.

About the Author

William C. Dudley is president and CEO of the Federal Reserve Bank of New York.

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    J. R. 9 years ago
    Buen resumen de lo que puede pasar con la política monetaria en los s Estados Unidos. Todo dependerá de datos de empleo e inflación.