Bill Dudley Monetary Quotations

Since it is the tightness of monetary policy you have to worry about in terms of implications for the economy, not the shape of the yield curve, per se, it should tell you not to be particularly nervous about the outlook.

The question you have to ask is: Do you think monetary policy is really too tight? I don't think it is.

The reason for this tremendous shift towards greater transparency is because of the growth and dominance of the capital markets. The monetary policy impulse is now driven by how the bond market, stock market, currency market react, so now it is more important that those markets understand what the Fed intends.