Jeffrey Lacker lays out rationale for why he doesn’t agree with pledging to keep interest rates low for at least two more years. He also foresees the U.S. economy continuing to improve.
Originally from MarketWatch
Jeffrey Lacker lays out rationale for why he doesn’t agree with pledging to keep interest rates low for at least two more years. He also foresees the U.S. economy continuing to improve.
Originally from MarketWatch
Jeffrey Lacker lays out rationale for why he doesn’t agree with pledging to keep interest rates low for at least two more years. He also foresees the U.S. economy continuing to improve.
Originally from MarketWatch
WASHINGTON (MarketWatch) - Philadelphia Federal Reserve Bank President Charles Plosser said Tuesday that he decided not to dissent from last week's policy statement because he supported the decision and didn't want to "re-litigate" past statements. Plosser voted against the Fed's August and September policy moves, one of three Fed regional banks presidents to do so, a rare high number for the central bank. Plosser surprised some Fed watchers by supporting the Fed's decisions on Nov. 2 to stand pat. "I didn't see any point in changing the stance of policy. I think it is dangerous for policy to be jerked around from meeting to meeting," Plosser said in an interview on the Fox Business Network. With the FOMC not taking any more action, it made sense to support the committee and "stand pat and not dissent," he said.
Originally from MarketWatch
The Federal Reserve shouldn’t have pledged to keep interest rates at ultralow levels for two years because businesses now have even less incentive to move off the sidelines and start spending and hiring, one of three dissenting central bank presidents argued Wednesday.
Originally from MarketWatch
Dallas Fed President Fisher indicated yesterday that he would vote to scale back or discontinue the Fed's Treasury securities buying program of $600 billion at the March 15 FOMC meeting. Last week, Chairman Bernanke has indicated that only under conditions of strong sustained growth, expanding payrolls, and inflation readings that are consistent with price stability would the Fed consider terminating the program. Current economic data indicate that the Fed is not even close to meeting these targets.
Originally from The Market Oracle
WASHINGTON (MarketWatch) - Richard Fisher, the president of the Dallas Federal Reserve Bank vowed on Tuesday to vote against any additional bond-buying program once the current $600 billion purchase plan expires in June. "It is hard for me to envision a scenario where I would not use my voting position this year to formally dissent should the FOMC recommend another tranche of monetary accommodation," Fisher said in a speech in Dallas. Fisher said he also expects to be at the forefront of the effort to push the Fed to trim back its Treasury holdings and tighten policy at the "earliest sign" that inflation pressures are moving out of the commodity markets and into the general price stream.
Originally from MarketWatch
After six months of very public squabbling over the course of monetary policy, the Fed’s first meeting of 2011 is expected to be the model of civility. No rate change is expected and the Fed isn’t likely to tinker with its $600 billion bond buying plan.
Originally from MarketWatch
The Federal Reserve's most vocal internal critic Wednesday pushed back against the U.S. central bank's effort to control a sometimes-dissonant message, saying it is the duty of those who disagree to vote their conviction.
Originally from All News, Video and Posts related to TOPIC: Federal Reserve
Thomas Hoenig, the president of the Kansas City Federal Reserve Bank, defended Wednesday his decision to vote against all eight interest-rate policy moves taken during 2010.
Originally from MarketWatch
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