New York Fed Questioned Federal Reserve'S Handling Of The Economy
Noon on October 26th, Beijing time,
Reserve Bank of New York
president
dudley
(William Dudley) 25 days
Federal Reserve
There is no magic bullet in the management of the US economy, but the Fed will provide all necessary support for economic development.
Speaking at Cornell University in the US, Dudley pointed out that unless the current economic situation has improved, the Federal Reserve will take a series of economic stimulus measures.
From November 2nd to 3, the Fed will hold policy making meetings, and Dudley's remarks indicate that the Fed will buy more large-scale long-term bond assets to ease the current tension in the US economy.
Insiders from the Fed say that the monetary easing policy implemented by the Federal Reserve in the future is in fact a very dangerous gamble, or will lead the US economy to enter a vicious circle of economic prosperity and depression again and again.
Thomas Hoenig, President of the Federal Reserve Bank of Kansas City, said in an interview with reporters: "monetary easing risks huge risks!" (Thomas Hoenig)
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