Fed's Dudley (Voter, Dove): turmoil in market mostly tied to overseas events and not US economy - Q&A
- if financial conditions tighten, Fed takes that into account
- difficult to tell how much market turmoil recently is based on market fundamentals
- still expects to meet inflation target in the longer term but it will be slow going
- seen dollar weaken a bit in recent weeks
- completely agrees wtih Chairwoman Yellen's assessment of policy environment
- won't commit on rate decisions because data could change before March meeting; recent events will factor into March decision