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Investing.com -- Former New Federal Reserve President Bill Dudley on Wednesday called for the Fed to cut rates as soon as next week amid recession concerns, reversing his long-held view for the U.S. central bank to persist with its higher for longer rate regime.
"The facts have changed, so Iâve changed my mind. The Fed should cut, preferably at next weekâs policy-making meeting," Dudley said ahead of the Fed's July 30-31 policy meeting.
For a long while, the strength in the U.S. econ...
>>> Read more: Fed's Dudley now calling for Fed rate cut next week amid recession concerns
"The facts have changed, so Iâve changed my mind. The Fed should cut, preferably at next weekâs policy-making meeting," Dudley said ahead of the Fed's July 30-31 policy meeting.
For a long while, the strength in the U.S. econ...
>>> Read more: Fed's Dudley now calling for Fed rate cut next week amid recession concerns
