Fed's Dudley says opaque clearing of Treasuries a major issue

Dudley delivers welcoming remarks at a Treasury conference

  • New broker-dealer transaction reporting a good step
  • Opaque clearing of Treasury trades a 'major issue' for US regulators

There's nothing on monetary policy in these comments but Dudley spoke late yesterday and said the Fed thinks the economy is "pretty much" at full employment and that the FOMC is 'very united' on the appropriate path of policy.

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