The ex-Chief of the Federal Reserve Bank in New York and writer for Bloomberg Opinion, Bill Dudley, states that the Central Bank could prevent a “probable” economic downturn using policy adjustments. “I do not perceive a significant threat of financial instability, a major crisis that could plunge the economy into a profound downturn. I believe it will be a downturn where the Fed holds the reins,” he observes during an appearance on “Bloomberg Surveillance.” Dudley’s views reflect his own perspective.
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