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4 weeks ago | 
bloomberg.com | Bill Dudley
Not for the bond market. (Bloomberg Opinion) -- The market for Treasury securities is sending an increasingly troubling signal. As of last week, investors were demanding about 90 extra basis points in yield to compensate for the added risk of lending longer-term to the US government. In October, before the election of President Donald Trump, the 10-year term premium was close to zero.
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4 weeks ago | 
advisorperspectives.com | Bill Dudley
The market for Treasury securities is sending an increasingly troubling signal. As of last week, investors were demanding about 90 extra basis points in yield to compensate for the added risk of lending longer-term to the US government. In October, before the election of President Donald Trump, the 10-year term premium was close to zero. Why the declining appetite for Treasuries?
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1 month ago | 
bloomberglinea.com | Bill Dudley |Win McNamee
¿Y si la economía de Estados Unidos desafía las expectativas de la Fed? ¿Cómo reaccionará la Reserva Federal si el crecimiento fuera mucho más lento, o la inflación mucho más elevada, o las dos cosas? De manera poco habitual, el banco central más poderoso del mundo no informa al público sobre estas contingencias. Puede y debe hacerlo mejor.
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1 month ago | 
fa-mag.com | Bill Dudley
What if the U.S. economy defies the Federal Reserve’s expectations? How will the Fed react if growth proves much slower, or inflation much higher, or both? To an unusual extent, the world’s most powerful central bank leaves the public in the dark about such contingencies. It can and should do better.
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1 month ago | 
bloomberg.com | Bill Dudley
Good idea. (Bloomberg Opinion) -- What if the US economy defies the Federal Reserve’s expectations? How will the Fed react if growth proves much slower, or inflation much higher, or both? To an unusual extent, the world’s most powerful central bank leaves the public in the dark about such contingencies. It can and should do better.
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1 month ago | 
bloomberg.com | Bill Dudley
What breakthrough? (Bloomberg Opinion) -- The agreement between the US and China to roll back their respective tariffs for 90 days has led to renewed optimism that the worst of America’s trade wars is over. I’m not seeing the “breakthrough”: There’s still plenty of scope for economic damage that the Federal Reserve will struggle to contain. First, the rollback might not last and doesn’t change the broad contours of the story. Tariffs will still be high, fueling inflation and stunting growth.
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1 month ago | 
advisorperspectives.com | Bill Dudley
The agreement between the US and China to roll back their respective tariffs for 90 days has led to renewed optimism that the worst of America’s trade wars is over. I’m not seeing the “breakthrough”: There’s still plenty of scope for economic damage that the Federal Reserve will struggle to contain. First, the rollback might not last and doesn’t change the broad contours of the story. Tariffs will still be high, fueling inflation and stunting growth.
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1 month ago | 
fa-mag.com | Bill Dudley
The U.S. Federal Reserve is undertaking a major rethink of how it manages the world’s largest economy. Done right, the so-called monetary policy framework review could render the central bank much better able to handle the kinds of economic shocks and policy uncertainties that the current U.S. administration has proven adept at delivering. Chair Jerome Powell shouldn’t let President Donald Trump get in the way of this crucial work.
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1 month ago | 
news.bloombergtax.com | Bill Dudley
The US Federal Reserve is undertaking a major rethink of how it manages the world’s largest economy. Done right, the so-called monetary policy framework review could render the central bank much better able to handle the kinds of economic shocks and policy uncertainties that the current US administration has proven adept at delivering. Chair Jerome Powell shouldn’t let President Donald Trump get in the way of this crucial work.
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1 month ago | 
advisorperspectives.com | Bill Dudley
The US Federal Reserve is undertaking a major rethink of how it manages the world’s largest economy. Done right, the so-called monetary policy framework review could render the central bank much better able to handle the kinds of economic shocks and policy uncertainties that the current US administration has proven adept at delivering. Chair Jerome Powell shouldn’t let President Donald Trump get in the way of this crucial work.
