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Fed's Dudley: Could need to go slightly above 2% to keep inflation anchored

Following his prepares speech, New York Fed President William Dudley is delivering additional comments, with key headlines (via Reuters) found below.

Powell, quarles are 'really high quality' people.

Little discord at fomc going into what should be smooth transition from Yellen to Powell.

High U.S. Deficit suggests there is little fiscal capacity to deal with economic downturn.

Vacancies on FOMC have no impact on policy-making; transition will be fine.

Low inflation creates uncertainty but sill expect prices to drift higher.

Probably will need to push inflation above 2% goal for a while to anchor expectations.

GBP/USD advances toward mid-1.31s on USD sell-off

The GBP/USD pair gained traction in the NA session and reached its highest level since last week's sharp drop witnessed on Thursday after the dovish B
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Fed's Williams: Optimal to have decision on best rate-setting framework before next recession

San Francisco Fed President John Williams laid out a case for price-level targeting in a paper that recently got published in the bank's latest Econom
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