• 18 Aug 2011 at 3:15 PM

Fed’s Dudley Not That Worried About A Recession

“The risk of a recession is somewhat higher than it was six months ago. That said, I think the risk of a recession is still quite low,” William Dudley, the president of the Federal Reserve Bank of New York, said today. Dudley said that “only some of the restraints on growth, such as high oil prices and Japan’s earthquake in the first half of the year, can be considered temporary. The risks have risen a little bit, but I think we very much still expect the economy to recover. We expect … growth to be significantly firmer than it was during the first half of the year. But obviously there is some concern.” [Reuters]

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  1. Posted by N.A.S. Keflavik boi | August 18, 2011 at 3:23 PM

    This is the same douchenozzle who doesn't think there's any inflation. Go eat an iPad, Dudley… then go eat a DICK.

  2. Posted by Bill Tetley | August 18, 2011 at 3:30 PM

    I would be concerned if Dudley was concerned, other than that I have no concerns.

  3. Posted by Dr_Rosenrose | August 18, 2011 at 3:38 PM

    Overheard whispering to a staffer later that morning, "Philly Fed was what?! Oh we are so FUCKED!"

  4. Posted by The Truth | August 18, 2011 at 3:49 PM

    Subprime is contained:The Bernank :: Risk of a recession is still quite low:Dudley