William Dudley speaks.. and the market front-runs.. as he indicates that weakness in March is due to the weather (hawkish) but that "the timing of the Fed's first rate hike is later" (dovish)... data dependent... blah blah blah... *DUDLEY SAYS WOULDN'T TAKE HUGE SIGNAL FROM MARCH PAYROLLS DATA *DUDLEY SAYS DROP IN ENERGY PRICES A GOOD THING ON BALANCE *DUDLEY SAYS RECENT DATA HAS SURPRISED TO THE DOWNSIDE *DUDLEY EXPECTS BUSINESS INVESTMENT TO ACCELERATE *DUDLEY: CAN IMAGINE SCENARIOS IN WHICH JUNE LIFTOFF IS IN PLAY *DUDLEY SAYS RATE RISE DEPENDS ON DATA *DUDLEY SEES REASONS TO ERR ON SIDE OF BEING LATE ON RATES Live Feed: (click image for live feed via Reuters)