Why Bill Dudley Thinks Warsh's Approach to Fed Policy Is Flawed

Bill Dudley, former president of the Federal Reserve Bank of New York, said on Bloomberg Surveillance that Fed Chairman Kevin Warsh's approach during a news conference following the central bank's decision to leave interest rates unchanged resulted in what Dudley characterized as silence that affected market confidence. Dudley, who writes a Bloomberg Opinion column, stated that markets are showing a loss of credibility in the Fed based on Warsh's communication during the event.

Next story