 "Federal Reserve to normalise balance sheet in a careful way: William Dudley")
New York Federal Reserve President William Dudley said on Thursday the US central bank will normalise its balance sheet in a "very careful way", while leaving "sufficient" excess reserves in the financial system.
Dudley, in a speech in Mumbai, also told the audience not to expect any "dramatic change" in monetary policy in the United States.
The comments largely hewed to his previous stance on the subject and came in answers to questions from the audience after Dudley delivered a speech calling trade protectionism a "dead end".
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app