30 Quotes by Bill Dudley

What's really happened is technology has basically favored capital markets over depository institutions because it has reduced the cost of making transactions.

Would you really buy a computer early if computing prices are falling? ... You'll probably have a bit of a bulge in spending in the fourth quarter, but we think people are overstating the benefits.

The problem with retaining your flexibility is you also create uncertainty. I'd be very pleased if the Fed took some new initiatives, but I'm not expecting it.

Like everyone, we are looking for a 25 basis point hike from the Fed and people will be looking for clues on whether that's it for the year.

Since it is the tightness of monetary policy you have to worry about in terms of implications for the economy, not the shape of the yield curve, per se, it should tell you not to be particularly nervous about the outlook.

I think you have to be somewhat skeptical about the payroll number.

Over the past year, core intermediate goods inflation has been nearly 5 percentage points higher than core finished goods inflation. This is one of the largest gaps ever, and reinforces our expectation that a part of this early-stage inflation should feed through into finished goods prices in the coming months.

Past transitions at the Fed have often been accompanied by volatile financial markets.

It didn't feel like a blowout. It was tight for so much of the first quarter. ... We're big, we're strong, we're so well-conditioned. ... I think our depth makes a big difference.