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Tuesday, July 05, 2016

Fed's Dudley: US economy is doing 'ok on average'

  • US growth in H1 a touch below 2%
  • Still early days to understand consequences of Brexit vote
  • Uncertainties about US political process could add to downside pressure on economy
  • We want inflation and wage gains
  • Would like to see a little more inflation with wage gains
  • There are reasons to be patient on rates
  • Investment outlook has been weaker than expected
More:
  • We want a 'little bit of inflation, not a lot'
  • We don't want inflation without wage gains

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