NY Fed Chief: ISIS Unlikely to Destabilize Global Economy

"Clearly it's a very serious situation, and my heart goes out to the French people," William Dudley, president of the Federal Reserve Bank of New York, said referring to the Nov. 13 Paris attacks.

.@NYFed_News' Dudley: ISIS unlikely to destabilize global economy https://t.co/LtMxwkO8Ou via @newsday

— James T. Madore (@JamesTMadore) November 21, 2015

This is true. The Fed doesn't fear the ISIS attack in Paris and it wouldn't necessarily fear all attacks in the US. I outlined last week in the EPJ Daily Alert just what kind of attacks would stop the Fed from raising rates in December.


-RW