16 Quotes by William Dudley

Given the Fed's apparent comfort with market expectations and press reports to the contrary, we reluctantly have to conclude that a rate hike is now the most likely outcome next week.

If such an oil shock occurred, the risk of a hard landing would increase. Fed officials would be faced with conflicting objectives -- on one hand offsetting the restraint exerted by higher oil prices on economic activity, and on the other hand keeping inflationary expectations in check.

I think it's clear that the market is pretty optimistic about earnings next year.

I think there's some pressure for the Fed to keep going over the near term.

We won't see the very strong bull markets that we've had over the last couple of years. But another decent year? Yeah, absolutely...That's very possible.

This recession was really an investment bust and a bust in the stock market, so the recovery is going to be very different than in the past.

This disaster is unleashing the type of energy-supply shock that we had viewed as the economy's greatest vulnerability.

There seems very little doubt that the Fed will go a quarter-point. There is no evidence of inflation pressures yet, so the Fed can afford to be patient if they want to, but I don't think they want to wait around for problems.

There is very little evidence that the momentum of the economy is slowing at all.