Bill Dudley Sees Fed Pause in June, Likely Hike in July

The transcript discusses the central bank's decision-making process regarding interest rate hikes. It highlights that the upcoming decision is not dependent on current data, suggesting that only exceptionally strong data could influence future meetings. The speaker expresses surprise if rates are tightened in June, but suggests a rate hike in July is more likely.

What is the main reason the speaker believes rate hikes will not occur this month?

• The data is not strong enough.

• The economic policy is too strict.

• The decision is not dependent on data.

• The jobs report is unfavorable.

What would need to happen for a rate hike to be considered at the June meeting?

• A change in moderate policy.

• A decrease in job reports.

• A shift in economic beliefs.

• A significant improvement in data.

Why is the speaker concerned about the long lags of moderate policy?

• It should not be influenced by data strength.

• It affects short-term economic growth.

• It leads to immediate rate hikes.

• It causes inflation to rise.

What did Philip Jefferson's remarks suggest about the likelihood of a rate hike?

• A rate hike is not possible this year.

• A rate hike is unlikely in June but possible in July.

• A rate hike is certain in June.

• A rate hike will depend on future data.

According to the speaker, when is a rate hike almost likely?

• In May

• In June

• In July

• In August