May 20, 2014
Debate Over Fed’s Exit Strategy Continues: Bernanke vs. Dudley vs. Yellen
Today, the Financial Times reports NY Fed President Floats Change to Exit Strategy One of the US Federal Reserve’s most influential officials has called for a change to its exit strategy from easy monetary policy. William Dudley, president of the New York Fed, said the central bank should keep reinvesting in its mortgage portfolio until after it raises interest rates. The current exit strategy calls for stopping reinvestment before rates go up.
