‘We are mindful of the global effects of Fed policy’ – Fed’s Dudley

FXStreet (Mumbai) - In a speech prepared for delivery to a policy conference in Zurich, New York Fed President William Dudley said the market should be able to absorb the impact of the interest rate lift-off, given that the central bank has sent a clear message that such a move will likely occur sometime this year.

Key Quotes:

"We are mindful of the global effects of Fed policy, given the central place of US markets in the global financial system and the dollar's status as the global reserve currency,"

Fed will conduct its policy "transparently and based on clear principles."