NY Fed William Dudley

The Fed’s New York President William Dudley also added to the strength in the bond market this morning; saying more monetary accommodation is appropriate even after a report showed the economy added more jobs than forecast last month. “Implementing such policies would improve the economic outlook and make monetary accommodation more effective,” Dudley said today in a speech to bankers in Iselin, New Jersey. At the same time, it’s “appropriate” for the Fed to consider steps to ease monetary policy, he said.