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    Dudley Advocates for 50bp Rate Cut Amid Economic Uncertainty | FinOracle

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    Dudley Advocates for 50bp Rate Cut Amid Economic Uncertainty | FinOracle

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Dudley Advocates for 50bp Rate Cut Amid Economic Uncertainty

Former NY Fed chief Dudley suggests a 50bp rate cut, highlighting rates above neutral levels as a key factor.

by Mark Eisenberg
Fri, Sep 13, 2024 4:06pm
in Economy
• 2 mins read
14.8k
Dudley Advocates for 50bp Rate Cut Amid Economic Uncertainty | FinOracle

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Former NY Fed Chief Supports 50bp Rate Cut

Bill Dudley, the former President of the New York Federal Reserve, has voiced his support for a significant 50-basis-point (bp) interest rate cut. At the Bretton Woods Committee’s annual Future of Finance Forum in Singapore, Dudley emphasized, "I think there's a strong case for 50, whether they're going to do it or not."

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