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Two things challenge this idea. First, in August 2019, Former New York Fed President Bill Dudley wrote an opinion column for Bloomberg (www.bloomberg.com/view/articles/2019-08-27/the-fed-shouldn-t-enable-donald-trump) where he insisted that the Fed allow the economy to suffer to prevent then-President Trump from getting re-elected in the 2020 election.

RALEIGH, N.C. - Today, Senator Thom Tillis (R-NC), a member of the Senate Banking Committee, issued the following statement after the former Fed monetary Vice Chairman Bill Dudley proposed that the Fed meddle in the presidential election to defeat President Trump: I am very disappointed that former Fed monetary Vice Chairman Bill Dudley is lobbying the Fed to use its authority as a political weapon against President Trump. The President is standing up for America against China after 30 years of our country and our workers being ripped off and there is now an effort to get the Fed to...

Former New York Fed President Bill Dudley on Tuesday called on the Federal Reserve to manipulate the economy to stymie President Trump’s reelection. Dudley made the plea in an op-ed published by Bloomberg News. Dudley argued that Trump’s effort to reset trade with China is hurting the economy and that the Fed should enact policies that hinder Trump and hurt his reelection chances. President Trump has been fighting the Fed over rising interest rates and a too rapid pullback on quantitative easing that stifled the nascent economic boom stemming from Trump’s economic policies and tax cuts. The Fed has since...

The head of the New York Federal Reserve was trying to persuade a group of Queens citizens recently that inflation was under control. So he explained that every generation of Apple's iPad was getting more powerful per dollar than the previous one. That keeps inflation in check, Dudley was trying to say, although he didn't explain this preposterous theory as well as I just did. Someone in the audience astutely asked, "When was the last time, sir, that you went grocery shopping?" The person who spoke up was trying to make Dudley realize that no matter how tasty iPads might...

The president of the New York Fed was put in an uncomfortable position on Friday morning as a crowd of Queens residents questioned him about food inflation. Bill Dudley, former head economist at Goldman Sachs, was asked when the last time he went to a super market was, and responded by telling the crowd that the price of some goods had actually fallen, using Apple’s recently released iPad 2 as an example, to the dismay and widespread disbelief of the crowd.

N.Y. Fed President Urges Quick Action on 'Asset Bubbles' Wednesday, 07 Apr 2010 01:08 PM While asset price bubbles are difficult to identify, they occur "fairly frequently" and uncertainty should not dissuade policymakers from taking action to address them, New York Federal Reserve Bank President William Dudley said on Wednesday. Determining whether a run-up in asset prices is in fact a bubble "is not easy because asset bubbles are hard to recognize in real time and each asset bubble is different," Dudley said in prepared remarks to the Economic Club of New York. "However, these challenges cannot be an excuse...