HONG KONG — U.S. growth could disappoint in the first quarter but the outlook remains better than it was a year ago, Federal Reserve Bank of New York president William Dudley said Tuesday.

Dudley said the recent earthquake in Japan and rising oil prices have lowered the outlook over the last couple of months, but nonetheless, “the outlook for growth is better than it was last summer.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.