Inside these posts: Fed governor

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Fed’s Dudley sees little chance for policy shift

A top Federal Reserve official reiterated Friday that improving economic growth will not deter the central bank from following through to its end a $600 billion bond buying program, as he faced an audience skeptical the Fed has a handle on the economy’s true inflation dynamics.

“We provided additional monetary policy stimulus via the asset purchase program to help ensure that the recovery regained momentum,” Federal Reserve Bank of New York President William Dudley said. “A stronger recovery with more rapid progress toward our dual mandate objectives is what we have been seeking. This is welcome and not a reason to reverse course” on policy, he said. Get the full story »