Should-Reads: Tim Duy: Dudley Revisits Exit Strategy: “William Dudley gave what was both an interesting and depressing speech.  Interesting in that he provides some new thoughts on the exit strategy. Depressing in that he outlines a case for persistently low interest rates. One wonders why, given such an outlook, the Fed is so firmly focused … Continue reading Things to Read at Nighttime on May 21, 2014