Former New York Fed President Dudley: I changed my mind, the Fed should cut interest rates immediately

Former New York Fed Chair (with permanent voting rights on the FOMC, known as the "third in command" at the Fed) Dudley said: I have long been in the camp of "keeping interest rates high for longer", I believe that to control inflation, short-term interest rates must be kept at the current level or even higher. But times have changed, and the situation is different now, so I have changed my mind. The Fed should cut rates, preferably starting at the rate meeting next week