Fed's Dudley says rate hike might be needed in June or July

By Lindsay Dunsmuir and Richard Leong NEW YORK (Reuters) - The U.S. economy could be strong enough to warrant an interest rate increase in June or July, New York Federal Reserve President William Dudley said on Thursday, in the latest sign Wall Street may be underestimating the chances of near-term monetary tightening. "We are on track to satisfy a lot of the conditions" for a rate increase, Dudley said. Dudley's comments reinforced the view within the Fed revealed on Wednesday that most policym