In a recent article, former US Federal Reserve Bank of New York President, Dudley, stated that he has long supported keeping short-term interest rates at high levels to combat inflation. However, with circumstances changing, he has altered his stance, arguing that the Federal Reserve should take action to lower interest rates. Dudley suggests that the Fed would be wise to start cutting rates from their next scheduled meeting. This shift reflects his new insights into the current economic landscape and monetary policy stance.