Fed's Dudley to MNSI: Tightening financial conditions a concern

[February 03, 2016]  (Reuters) - Financial conditions have tightened considerably in the weeks since the U.S. Federal Reserve raised interest rates and monetary policy makers will have to take that into consideration should that phenomenon persist, a top Fed official said on Wednesday.

In addition, the weakening outlook for the global economy and any further strengthening of the dollar could have "significant consequences" for the health of the U.S. economy, William Dudley, president of the Federal Reserve Bank of New York, told MNSI in an interview.

(Reporting By Dan Burns)

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