Dudley eyes risks but says Fed policy easy enough

Federal Reserve policy is "appropriately quite accommodative" given the low level of inflation, which poses little threat to a U.S. economic expansion that will only grow older unless there is an outside shock, an influential Fed official said on Friday. New York Fed President William Dudley, who did not directly address recent market turmoil in prepared remarks, noted that the current U.S. expansion is nearly seven years old and the third longest in the post World War Two period.