
William C Dudley: The national and regional economy
By Bank for International Settlements (BIS)
In this 2014 address, William C. Dudley, President of the Federal Reserve Bank of New York, provides a comprehensive assessment of the U.S. economy's recovery five years after the Great Recession. He highlights the "disappointing" 2.2% growth rate but expresses optimism that headwinds—such as fiscal restraint and tight credit—are subsiding, paving the way for a 3% growth trajectory.
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