Improving US economy not enough for Fed to back off: Dudley: "A key decision-maker alongside Fed Chair Janet Yellen, Dudley predicted sustained U.S. growth above 2.25 percent, enough to boost the labor market. But he warned of "substantial underutilization'' of both labor and capital resources.
"This implies, in turn, that the current, highly-accommodative stance of monetary policy will remain appropriate for a considerable time to come,'' Dudley said in prepared remarks to students at Brooklyn College."
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