by Calculated Risk on 4/11/2011 08:59:00 AM

From Bloomberg: Dudley Says Fed Shouldn’t Rush to Tighten Policy ‘Too Early’

“We’re probably going to have excess slack in the U.S. labor market at least through the end of 2012, and that’s one reason that colored my view that we shouldn’t be overly enthusiastic about tightening monetary policy too early,” [NY Fed President William] Dudley told a forum in Tokyo today.

It is extremely unlikely that the Fed will raise rates this year - and as Dudley notes - there will probably be excess slack in the labor markets next year too.

Weekend:
• Summary for Week ending April 8th
• Schedule for Week of April 10th