Pilot Pen G2 Edge

Federal Reserve Bank of New York

Fed’s Dudley calls border adjustment tax risky

NEW YORK — The National Retail Federation is applauding remarks by Federal Reserve Bank of New York president and chief executive officer William Dudley, who during a session at NRF’s annual expo and convention this month said a proposed border adjustment tax would have “unintended consequences” for consumers. “Mr. Dudley and retailers are in agreement: