Fed's Dudley: Risk of raising rates too soon higher than waiting longer

New York Federal Reserve Bank President William Dudley, a permanent voter on the Fed's policy setting committee, urged caution on the issue of when the central bank should lift rates, which it is expected to do later this year. The former Goldman Sachs economist said he did not agree with the notion that a central bank should follow a simple policy rule, as some conservative economists and lawmakers have argued.

via Business News http://ift.tt/1AAKQEI