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Latest Bloomberg headlines from NY Fed pres.....>

FED
FED: Latest Bloomberg headlines from NY Fed pres Dudley:
* DUDLEY: SAYS FED NOT THERE TO TAKE AWAY THE MARKET'S PAIN  
* DUDLEY: SAYS HE EXPECTS FED B/SHEET RUNOFF TO CONTINUE          
* DUDLEY: IF ECONOMY STARTS TO WEAKEN THEY WOULD DEFINITELY PAUSE               
* DUDLEY: FED DIALED IT BACK A LITTLE AT MEETING
* DUDLEY: FED TRYING NOT TO GO TOO FAST OR TOO SLOW ON POLICY
* DUDLEY: NOT MUCH EVIDENCE THAT MONETARY POLICY IS TOO TIGHT
* DUDLEY: SAYS HE EXPECTS FED B/SHEET RUNOFF TO CONTINUE
* DUDLEY: IF ECONOMY STARTS TO WEAKEN THEY WOULD DEFINITELY PAUSE
* DUDLEY: TWO OR THREE RATE HIKES BY FED SEEMS MOST LIKELY
* DUDLEY: TIGHTER FINANCIAL CONDITIONS PROBABLY A NECESSARY THING
* DUDLEY: FED CONTINUING TO TIGHTEN AS IT SEES ABOVE-TREND GROWTH
* DUDLEY: FED MAY NOT HAVE DIALED IT BACK AS MUCH AS MKT WANTED

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