Bill Dudley Warns Fed About Inflation Credibility as Kevin Warsh Takes Over
Former New York Fed President Bill Dudley warned that the Federal Reserve risks losing credibility due to five years of inflation exceeding its 2% target. With headline and core PCE inflation at 3.5% and 3.2%, respectively, in March 2026, Dudley highlighted concerns over unanchored expectations amid strong economic growth and high policy rates.
Topics: Federal Reserve Inflation Interest Rates Monetary Policy