New York's Dudley advocates BoE approach to QE exit
Dudley wants to get off zero lower bound before ending reinvestments
One of the Federal Reserve's most powerful policy-makers believes the bank should raise interest rates before it starts to unload assets acquired under its quantitative programme, rather than the other way around.
William Dudley, head of the Federal Reserve Bank of New York and a permanent member on the Federal Open Market Committee (FOMC), yesterday said it would be "desirable to get off the zero lower bound" before ending reinvestments in QE assets, arguing that the Fed's ‘exit strategy'
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