10 Aug 2017
Fed's Dudley: Modest wage growth reflects sluggish productivity
William C. Dudley, the president of Federal Reserve Bank of New York and vice-chairman of the Federal Open Market Committee, is crossing the wires, with the key quotes, via LiveSquawk, found below:
- Expects further labor market strengthening, moderate economic growth
- Modest wage growth reflects sluggish productivity
- Expects U.S. inflation increase 'over medium term' toward 2% goal