Economic expansion expected to continue – FOMC’s Dudley

William Dudley, President of the New York Fed (voter, centrist), said on Tuesday that the likeliness of a shift to a much tighter monetary policy is quite low.

He added that inflation trends stay ‘very subdued’, while noting that the strong Dollar remains a drag on import and domestic prices.

Dudley, however, remains optimistic on a continuation of the economic expansion.