by James Rickards
As many Americans settled down to prepare for the presidential debate Wednesday night, I was at a private dinner in New York City with William Dudley, president and CEO of the Federal Reserve Bank of New York and arguably the second most powerful central banker in the world after Janet Yellen.
The atmosphere was relaxed, and Dudley was generous with his time in discussing Fed monetary policy with me and our fellow dinner companions. Of course, he was circumspect and made it clear (as he always does) that his views were personal and not the “official” views of the Federal Reserve System. Despite the disclaimer, there was no doubt in anyone’s mind that we were getting a privileged view inside the mind of one of the key monetary policymakers on the planet.