Federal Reserve

Text of AP's interview with NY Fed President William Dudley

Below is the text of an interview The Associated Press conducted Monday with William Dudley, president of the Federal Reserve Bank of New York: Q: I guess if we could just start with kind of your outlook for the economy, in particular the idea that at the beginning of the year, some economists were boosting their forecast, just because they felt that President Trump was going to -- his economic program would give a boost to 2017 and 2018.

Text of AP's interview with NY Fed President William Dudley

Below is the text of an interview The Associated Press conducted Monday with William Dudley, president of the Federal Reserve Bank of New York: Q: I guess if we could just start with kind of your outlook for the economy, in particular the idea that at the beginning of the year, some economists were boosting their forecast, just because they felt that President Trump was going to -- his economic program would give a boost to 2017 and 2018.

Strong U.S. jobs report seen in July; wages likely rose

U.S. employers likely maintained a strong pace of hiring in July while raising wages for workers, signs of labor market tightness that could clear the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio