Tax cuts imperil US economy, Fed's Dudley says

So you're looking forward to a meager cut in your federal income taxes in the coming few years. Please realize that means cuts in government spending which may affect you. Further, states will have to raise taxes or cut programs as a result.
A serious challenge to the Republican's tax legislation comes from the head of the Federal Reserve Bank of New York. 
"The US tax law puts the economy on an unsustainable fiscal path and endangers stability, Federal Reserve Bank of New York President William Dudley said." (Retirement Security Smartbrief)  "In the long run, ignoring the budget math risks driving up longer-term interest rates, crowding out private-sector investment and diminishing the country's creditworthiness," he said.
As quoted by Michael S. Derby in The Wall Street Journal:
"Mr. Dudley noted concern over the impact of the tax overhaul, whose Republican authors believe will unleash stronger economic growth and higher wages. Mr. Dudley warned that the tax law is likely to drive the deficit up over time."
“The current fiscal path is unsustainable,” Mr. Dudley said. “In the long run, ignoring the budget math risks driving up longer-term interest rates, crowding out private-sector investment and diminishing the country’s creditworthiness.”