NEW YORK—Federal Reserve Bank of Kansas City President Esther George wants to see the U.S. central bank start raising short-term interest rates at some point over the summer, worrying that if Fed doesn’t get moving soon future rate increases may have to be more aggressive.
“I continue to support liftoff towards the middle of this year due to improvement in the labor market, expectations of firmer inflation, and the balance of risks over the medium and longer run,” Ms. George said in the text of a speech prepared for a local event in Kansas City, Mo. “Waiting until economic conditions are Read More

Source:: wsj

NEW YORK—Federal Reserve Bank of Kansas City President Esther George wants to see the U.S. central bank start raising short-term interest rates at some point over the summer, worrying that if Fed doesn’t get moving soon future rate increases may have to be more aggressive.
“I continue to support liftoff towards the middle of this year due to improvement in the labor market, expectations of firmer inflation, and the balance of risks over the medium and longer run,” Ms. George said in the text of a speech prepared for a local event in Kansas City, Mo. “Waiting until economic conditions are Read More

Source:: wsj

LAKE FOREST, Ill.—Federal Reserve Bank of Chicago President Charles Evans said Wednesday the Federal Reserve should hold off until early 2016 to raise interest rates, saying that acting before inflation comes more into line with the central bank’s target could hurt its credibility.
The central banker, whose remarks came to reporters after a speech here, said he is going into this month’s meeting of the rate-setting Federal Open Market Committee, where he holds a vote this year, with an open mind. But he added that current data isn’t showing the uplift in inflation needed to convince him a rate increase this Read More

Source:: wsj

LAKE FOREST, Ill.—Federal Reserve Bank of Chicago President Charles Evans said Wednesday the Federal Reserve should hold off until early 2016 to raise interest rates, saying that acting before inflation comes more into line with the central bank’s target could hurt its credibility.
The central banker, whose remarks came to reporters after a speech here, said he is going into this month’s meeting of the rate-setting Federal Open Market Committee, where he holds a vote this year, with an open mind. But he added that current data isn’t showing the uplift in inflation needed to convince him a rate increase this Read More

Source:: wsj

LAKE FOREST, Ill.—Federal Reserve Bank of Chicago President Charles Evans said Wednesday the Federal Reserve should hold off until early 2016 to raise interest rates, saying that acting before inflation comes more into line with the central bank’s target could hurt its credibility.
The central banker, whose remarks came to reporters after a speech here, said he is going into this month’s meeting of the rate-setting Federal Open Market Committee, where he holds a vote this year, with an open mind. But he added that current data isn’t showing the uplift in inflation needed to convince him a rate increase this Read More

Source:: wsj