Dudley Sees Case for Half-Point Fed Rate Cut Next Week (2)

Former Federal Reserve Bank of New York President William Dudley said there’s scope for a half-point rate cut at the central bank’s meeting next week.

“I think there’s a strong case for 50,” Dudley said on Friday at a forum organized by The Bretton Woods Committee in Singapore. “I know what I’d be pushing for.”

Dudley, who led the New York Fed until 2018, is a Bloomberg Opinion columnist and now chair of the Bretton Woods Committee.

William Dudley

Photographer: Christopher Goodney/Bloomberg

The former Fed member cited a slowing US labor market, with risks to jobs greater than lingering challenges to inflation in supporting ...