Fed's William Dudley Optimistic on the U.S. Economy, Pt 1

8:14 AM ET Thu, 24 May 2012

"If you look at the 6-month moving average over payroll employment, you do see things have accelerated a little bit, which is a good thing," says William Dudley, New York Federal Reserve president, explaining why he expects economic growth to pick up and is cautiously optimistic on the U.S. economy, with CNBC's Steve Liesman. Sallie Krawcheck, former Merrill Lynch Wealth Management CEO, weighs in.