Fed’s Dudley: there's a reasonable case for interest rates to rise in Dec. meeting - WSJ

During an interview with the Wall Street Journal, New York Fed President William Dudley was noted saying that there is a reasonable case for a rate hike in December but 2018 rate hike would depend on how economy actually performs and how outlook changes.

Additional quotes: 

   •  Not the best time for fiscal stimulus when economy is close to full employment
   •  Premature to judge how fiscal stimulus would influence interest rate decisions
   •  Any tax changes would need to be considered as the Fed updates its forecasts
   •  Doesn't think that asset prices are "grossly inconsistent" with the economy's performance
   •  Inflation a little under 2% is not a huge problem
   •  Fed can afford to be patient as it waits for wage acceleration