Fed’s Dudley worries tax cuts risk overheating U.S. economy

WILLIAM DUDLEY, president and chief executive officer of the Federal Reserve Bank of New York, says the risk of an overheating U.S. economy in the next few years, partly fueled by tax cuts, reinforces the case for continued gradual interest-rate increases. / BLOOMBERG FILE PHOTO/ANDREW HARRER
WILLIAM DUDLEY, president and chief executive officer of the Federal Reserve Bank of New York, says the risk of an overheating U.S. economy in the next few years, partly fueled by tax cuts, reinforces the case for continued gradual interest-rate increases. / BLOOMBERG FILE PHOTO/ANDREW HARRER
NEW YORK - The risk of an overheating U.S. economy in the next few years, partly fueled by tax cuts, reinforces the case for continued gradual interest-rate increases, Federal Reserve Bank of New York President William Dudley said. "While the fact that inflation is below the FOMC’s 2 percent objective argues for patience, I think that is…

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