Why Bill Dudley Thinks Warsh's Approach to Fed Policy Is Flawed

Bill Dudley, a Bloomberg Opinion columnist and former president of the Federal Reserve Bank of New York, reacts to Fed Chairman Kevin Warsh's news conference following the central bank's decision to leave interest rates unchanged. Speaking on "Bloomberg Surveillance," Dudley says Warsh's silence was "quite deafening" and markets are showing there's a loss of credibility in the Fed.