Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States. Former New York Federal Reserve President Bill Dudley said there was a strong case for a 50 basis point interest rate cut in the United States. "I think there's a strong case for 50, whether they're going to do it or not," he said at the Bretton Woods Committee's annual Future of Finance Forum in Singapore. He said rates were currently 150-200 basis points above the so-called neutral rate for the U.S. economy, where policy is neither restrictive nor accommodative. Dudley had previously called for the Fed to begin cutting in July.

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Persons: Bill Dudley, Dudley Organizations: New York Federal, Former New York Federal, Bretton Woods, of Finance Forum, Fed Locations: United States, Singapore, U.S, Asia