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Former Fed Pres' Dudley, Lacker on Rates

FED

Former NY Fed Pres Bill Dudley and Richmond Fed Jeffrey Lacker commented on BBG TV earlier, estimating rising rates in 2022 as the Fed combats rising inflation.

  • Dudley estimated rates could rise to 3-4% while Lacker said "It seems to be plausible we get to 3.5% or 4% and in addition that we push the economy into a recession."

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