You are here

Fed urged to continue efforts to expand workforce

Go-slow approach on rates has already benefited many Americans as labour market improves: Fed president

BT_20161013_NAHFED13_2544871.jpg
Mr Dudley said policymakers "don't want to go too far", because the central bank could trip the economy into recession if it overshoots on inflation and is forced to raise rates more quickly.

New York

FEDERAL Reserve Bank of New York president William Dudley said the US central bank should continue seeking to draw Americans back into the workforce as it debates raising interest rates.

"You certainly want to go as far as you can," Mr Dudley told the Business Council of