The Fed is on hold at least through the election but I think we'll get a little more tightening at the start of next year. I think, for the time being, we have a soft landing. But I think the reality is the stock market rally will probably add a little fuel to the economy and the tightening will return next year.
More Quotes from William Dudley:
Once that happened, all the people who were bearish were routed.William Dudley
There seems very little doubt that the Fed will go a quarter-point. There is no evidence of inflation pressures yet, so the Fed can afford to be patient if they want to, but I don't think they want to wait around for problems.
William Dudley
If such an oil shock occurred, the risk of a hard landing would increase. Fed officials would be faced with conflicting objectives -- on one hand offsetting the restraint exerted by higher oil prices on economic activity, and on the other hand keeping inflationary expectations in check.
William Dudley
It's basically designed to lean against the wind a little.
William Dudley
We won't see the very strong bull markets that we've had over the last couple of years. But another decent year Yeah, absolutely...That's very possible.
William Dudley
It's helped young adolescents, especially males, overcome feelings of awkwardness around members of the opposite sex.
William Dudley
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