Fed's Dudley says optimistic on China's economic transition
Tweet
Share
E-mail
New York Fed President William Dudley takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. REUTERS/Lucas Jackson
HANGZHOU, China (Reuters) - New York Federal Reserve President William Dudley said on Tuesday he was optimistic that China's economic transition could be managed, and said policymakers were doing a good job reorienting growth toward consumption.
"I think that they are on the right course. Obviously, this is difficult to manage because it's a big, complex economy so I would not be surprised if there were a few bumps...but I think that I'm quite optimistic that this transition can be managed," he said.
Dudley, a permanent voter on U.S. monetary policy, was speaking at a forum in the Chinese city of Hangzhou.
(Reporting by Li Zheng, Sun Qizi, John Ruwitch and Pete Sweeney; Editing by Jacqueline Wong)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- FOMC minutes from July 28-29th meeting
- US stock futures steady after tech slump; investors focus on Middle East tensions
- CPI (Jul MoM) 0.1% vs 0.1% Expected; Ex-food and Energy 0.2% vs 0.2%
Create E-mail Alert Related Categories
Fed, Forex, ReutersRelated Entities
William DudleySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
