Fed's Dudley: Still appropriate to continue to remove monpol accommodation gradually

New York Fed President William Dudley recently crossed the wires saying, "even though inflation is currently somewhat below our longer-run objective, I judge that it is still appropriate to continue to remove monetary policy accommodation gradually," as per Reuters reports.

Key quotes (via Reuters):

• Expects surprisingly low inflation to rebound in medium term
• Cites falling unemployment, dollar, financial conditions as reasons to tighten
• Inflation may be held down by more 'fundamental structural' factors
• Hopes for clarity on inflation in coming months, hurricanes to muddle data
• Hurricanes to have only modest effect on U.S. economy, boost growth over time
• Economic fundamentals remain quite favorable