The US economy is at a pretty good place right now says Fed's Dudley

• We're pretty close to both of the Fed's objectives
• We may have an inflation problem if you push unemployment much lower

Maybe my thoughts on the speed of these hikes holds some water? I doubt the Fed will risk jobs growth just to fight inflation.

• The economy can absorb the current rate path
• Economy will be able to adjust just fine
• Rate rise we've had in place is extraordinarily gradual
• Fed wants to make policy a little less accommodative
• We are seeking a soft landing by moving rates a little bit
• 10 year yields are pretty low
• Expects fixed income investing to be less attractive going forward since rates are rising
• The general expectation is for longer-term market rates to rise as the Fed tightens
• There's been a bond bull market since 1982

Now he's a bond trader.