EconomyWhy Bill Dudley Thinks Warsh’s Approach to Fed Policy Is Flawed

Bill Dudley, a Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York, assessed Fed Chairman Kevin Warsh’s news conference. Warsh spoke after the central bank decided to leave interest rates unchanged. Appearing on Bloomberg Surveillance, Dudley said Warsh’s silence was “quite deafening.” He added that market signals point to a loss of credibility for the Federal Reserve.