October 18, 2017 / 3:15 PM / in a month

U.S. tax reform may help economy: N.Y. Fed's Dudley

NEW YORK (Reuters) - An overhaul of U.S. tax code to make it simpler and more broad-based should foster business investments and productivity, boosting overall domestic economic growth, New York Federal Reserve President William Dudley said on Wednesday.

FILE PHOTO: William C. Dudley, President and Chief Executive Officer of the Federal Reserve Bank of New York speaks during a panel discussion at The Bank of England in London, Britain, March 21, 2017. REUTERS/Kirsty Wigglesworth/Pool/File Photo

The current tax system, which is seen as burdensome and complex, “cannot be productivity enhancing,” he said on a panel about regional economic trends with Dallas Fed President Robert Kaplan, sponsored by Hearst and Partnership for New York City.

Reporting by Richard Leong

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below