Kevin Gordon(@KevRGordon):Former NY Fed president Bill Dudley: “…by the fall, I suspect the pressure on the Fed to tighten will become overwhelming. The case for doing so is just too strong and the risk of allowing inflation to persist above the Fed’s target for a few more years is just too high.”

Kevin Gordon

@KevRGordon

Head of Macro Research and Strategy, Schwab Center for Financial Research Disclosures:

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Kevin Gordon@KevRGordon

2026.07.20 13:59

Former NY Fed president Bill Dudley: “…by the fall, I suspect the pressure on the Fed to tighten will become overwhelming. The case for doing so is just too strong and the risk of allowing inflation to persist above the Fed’s target for a few more years is just too high.”