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Ex-NY Fed Chief Dudley Predicts Interest Rates Going Much Higher Than Expected 10 May 2021 The Federal Reserve will likely raise interest rates much higher than markets currently anticipate, former New York Fed President William Dudley writes in a Bloomberg op-ed published Monday. “Not only will the Fed have to raise rates, but rates are likely to go much higher than investors anticipate,” Dudley, now a senior research scholar at Princeton University’s Center for Economic Policy Studies, predicts. Many Fed officials, most prominently Fed chair Jerome Powell, insist that the central bank will keep rates low for a long-time. Markets appear to have confidence in this position, in part because Fed officials have said they will tolerate periods of above-target inflation on the path to bringing the long-run average of inflation to two percent after years of undershooting.

New yorkUnited statesJerome powellWilliam dudleyPrinceton university centerFederal reserveNew york fed president william dudleyPrinceton universityEconomic policy studiesபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்ஜெரோம் போவல்வில்லியம் டட்லிப்ரிந்ஸ்டந் பல்கலைக்கழகம் மையம்கூட்டாட்சியின் இருப்புபுதியது யார்க் ஊட்டி ப்ரெஸிடெஂட் வில்லியம் டட்லி