US Federal Reserve board member Dudley speaking at a scheduled event 12 Oct • at the Fed we take the world as it is Yea, of course you do. Dudley referring to suggestions that any rate hike has been delayed until after the November elections. • Fed could have been more aggressive at recession outset • global economy is growing faster on average than US • weight of economic activity shifted from Europe to Asia • global economy is doing ok Really? Crikey, we're all saved. Hurrah! (full story)