Economics
Fed's Dudley 'Somewhat Less Confident' on Inflation Outlook
- Dudley marked down growth forecast only 'very modestly' so far
- Downside risks have risen and could trigger larger downgrade
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Federal Reserve Bank of New York President William Dudley said that while he still expects inflation to reach the U.S. central bank’s 2 percent target over time, he’s lost some confidence in that prediction, adding his voice to the concern expressed by several other policy makers.