W. Dudley: Gradual rising interest rates by the Fed

Fed chief William Dudley said the federal reserve will likely continue to stick to its plan for a gradual rise in interest rates unless inflation rises to an unexpected margin.
The official does not think we know how much interest increases we will see this year, Dudley said on Monday in an interview with CNBC. While inflation is relatively low, the Fed will raise interest rates smoothly. If the inflation rate rises above 2%, then the smooth rise in interest rates can be changed, according to Dudley.
During the Fed meeting in March, the Fed officials voted for three or four interest rises this year, including the meeting of the reserve that went on and the interest rate was raised.
According to Dudley, three or four interest rises seem like a reasonable decision for this year.
Dudley is expected to retire as head of the Fed in New York after more than nine years on that post. He will be succeeded by John Williams, currently head of the Fed San Francisco.