Dudley Says Fed Risks Fighting 'last War' On Inflation

Oct.06 - Former New York Federal Reserve President and Bloomberg Opinion columnist William Dudley says the Fed's revised monetary policy framework might not be suitable as inflation has spiked above the central bank's 2% target. "The risk is that they're fighting the last war. The problem isn't that inflation is too low, the problem is inflation is too high," Dudley says on "Bloomberg Surveillance."

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