TechFlow news, according to Jinshi Data, William Dudley, former President of the Federal Reserve Bank of New York (a permanent voting member of the FOMC, known as the "third in command" at the Fed), said: "I've long been in the camp favoring higher rates for longer, believing that controlling inflation requires keeping short-term interest rates at or above current levels. But circumstances have changed, and so has my view. The Fed should cut rates—ideally starting at next week's meeting."
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