---

William C. Dudley, President of the Federal Reserve Bank of New York, recently stated that the U.S. economy is in a favorable position for achieving a soft landing. He hinted that after a 0.5 percentage point rate cut in September, future rate cuts will be more gradual.

Dudley is regarded as an important figure within the Federal Reserve System. He noted that the job report for September was excellent, indicating that even after over a year of high interest rates, the U.S. economy remains robust, with inflation steadily declining.

As a voting member of the Federal Open Market Committee, Dudley is a close ally of Chairman Jerome Powell.

In an interview with the Financial Times, Dudley remarked that the current monetary policy stance is solid, maintaining the strength of the economy and labor market while guiding inflation toward the 2% target. Recent employment data has dampened market expectations for another large rate cut after the November elections. He believes that the decision to cut rates was correct at the time and remains valid now.

The article is not finished. Click on the next page to continue.

The article is not finished. Click on the next page to continue.