News list for "Former New York"
Former New York Fed President Bill Dudley says bitcoin prices have risen more than 40 percent since Trump won the US Presidential Election, in part because people hoped he would support the creation of the cryptocurrency.
According to the New York Times, citing multiple people familiar with the matter, former New York mayor and Bloomberg boss Michael Bloomberg recently donated $50 million to a non-profit organization supporting Democratic presidential candidate Harris. According to people familiar with the matter, Bloomberg's latest donation to the non-profit organization Future Forward USA Action. Before the anonymous donation, he had given $47 million in public political donations to the Democratic Party, secon...
Former New York Fed President Dudley wrote in one of his recent articles that it makes sense for the Federal Reserve to aggressively cut interest rates by 50 basis points. The two objectives of the Fed's dual mandate (price stability and maximum employment) have become more balanced, suggesting that monetary policy should be neutral, neither suppressing nor promoting economic activity. However, short-term interest rates are still well above neutral for now. This discrepancy needs to be corrected...
On July 25th, Dudley, the former president of the Federal Reserve Bank of New York (who enjoys the permanent voting rights of the FOMC and is known as the "three hands of the Federal Reserve"), said: I have long been in the camp of "keeping interest rates high for a longer time". I believe that to control inflation, short-term interest rates must be maintained at current or higher levels. But times have changed, and now the situation has changed, so I have changed my mind. The Federal Reserve sh...
