LAKE FOREST, Ill.–Federal Reserve Bank of Chicago President Charles Evans said Wednesday that low inflation remains a bit of a puzzle as the economy shows momentum.
Mr. Evans, whose remarks came during a question-and-answer session here, described the economy as doing better and showing momentum. But he said that isn’t enough to merit a rate increase until 2016 because of low inflation, which has fallen short of the central bank’s 2% price target for nearly three years.
The central banker said low inflation isn’t just an issue here, but one that is being seen around the world. He added that U.S. inflation Read More

Source:: wsj

LAKE FOREST, Ill.–Federal Reserve Bank of Chicago President Charles Evans said Wednesday that low inflation remains a bit of a puzzle as the economy shows momentum.
Mr. Evans, whose remarks came during a question-and-answer session here, described the economy as doing better and showing momentum. But he said that isn’t enough to merit a rate increase until 2016 because of low inflation, which has fallen short of the central bank’s 2% price target for nearly three years.
The central banker said low inflation isn’t just an issue here, but one that is being seen around the world. He added that U.S. inflation Read More

Source:: wsj

LAKE FOREST, Ill.–Federal Reserve Bank of Chicago President Charles Evans said Wednesday that low inflation remains a bit of a puzzle as the economy shows momentum.
Mr. Evans, whose remarks came during a question-and-answer session here, described the economy as doing better and showing momentum. But he said that isn’t enough to merit a rate increase until 2016 because of low inflation, which has fallen short of the central bank’s 2% price target for nearly three years.
The central banker said low inflation isn’t just an issue here, but one that is being seen around the world. He added that U.S. inflation Read More

Source:: wsj

LAKE FOREST, Ill.–Federal Reserve Bank of Chicago President Charles Evans said Wednesday that low inflation remains a bit of a puzzle as the economy shows momentum.
Mr. Evans, whose remarks came during a question-and-answer session here, described the economy as doing better and showing momentum. But he said that isn’t enough to merit a rate increase until 2016 because of low inflation, which has fallen short of the central bank’s 2% price target for nearly three years.
The central banker said low inflation isn’t just an issue here, but one that is being seen around the world. He added that U.S. inflation Read More

Source:: wsj

The U.S. Federal Reserve building on July 30, 2009, in Washington, D.C.
Agence France-Presse/Getty Images

The year 2009 was a busy one for the Federal Reserve, which was still in crisis-mode trying to steady turbulent financial markets after the upheaval of late 2008. As the Fed releases full transcripts of its Federal Open Market Committee meetings that year –three unscheduled meetings, in addition to the eight regularly scheduled ones—we provide here a timeline of major Fed events to refresh the memory. This includes the FOMC meetings, major Fed policy actions in response to the crisis and key speeches and testimony by then-Fed Read More

Source:: wsj