General expectation for longer term market rates to rise as Fed tightens - Fed's Dudley

New York Fed President William Dudley crossed the wires last minutes, via Reuters, stating the following:

• Expect fixed income investing to be 'less attractive' going forward since rates are rising
• General expectation for longer-term market rates to rise as Fed tightens
• U.S. trade, immigration policies could hit international tourism to new york city
• Dodd-Frank Act likely not perfect, but can't let failure of large bank threaten financial system
• On Dodd-Frank Reforms, can definitely relax burdens on smaller banks and can look at Volcker rule
• Rate hikes have been extraordinarily gradual