Fed Members Satisfied with Job Growth, Noting Rate Hike This Year Possible

Fed presidents continued to talk up rate hike prospect. New York president William Dudley, a FOMC permanent voting member, suggested he put more weigh on employment than on GDP growth when assessing rate hike, partly because the labor market is one of the Fed’s dual mandate. He noted that the strong payrolls growth in June and July “helped allay concerns…

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Fed Members Satisfied with Job Growth, Noting Rate Hike This Year Possible