Lower inflation not yet bothering Fed's Dudley
NEW YORK (Reuters) - New York Federal Reserve President William Dudley said on Tuesday he is not yet concerned about weaker U.S. inflation readings because, importantly, inflation expectations have not fallen and remain near the U.S. central bank's 2-percent target.
Dudley, a key ally of Fed Chairman Ben Bernanke and a permanent voter on monetary policy, said at a Japan Society gathering that he expects inflation to rebound from around 1 percent now.
- Malaysian PM says lost airliner was diverted deliberately |
- Malaysia PM says lost plane's movements indicate a deliberate act
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data