Fed Officials Make Case for 2015 Liftoff After September Hold



By Jeanna Smialek

Three Federal Reserve policy makers argued on Saturday for lifting the central bank’s key interest rate before year-end, countering bets by many traders that the Fed will wait until 2016.

Laying out their rationale for a rate increase at one of the Fed’s two remaining meetings of 2015, the central bankers cited continued improvement in the domestic economy, including low unemployment, which they suggested overshadowed concerns about global conditions and volatile financial markets.

San Francisco Federal Reserve Bank President John Williams, St. Louis Fed President James Bullard and Richmond Fed President Jeffrey Lacker each spoke or wrote on Saturday, days after the policy-setting Federal Open Market Committee voted on Thursday to leave rates unchanged.

 The central bank’s decision, and the way its deliberations were framed, were interpreted by many Fed watchers as a sign that the central bank might not raise rates this year. In holding rates steady, the Fed noted international uncertainties and subdued inflation.

“Read the Full Article at www.bloomberg.com >>>>”

It's only fair to share...Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInShare on RedditShare on TumblrEmail this to someone

Related Posts:

All content herein is owned by author exclusively. Expressed opinions are not necessarily the views of VT Money, VT Money, authors, affiliates, advertisers, sponsors, partners, technicians or Veterans Today Network and its assigns. In addition, all images within this post are the full responsibility of the author and NOT Veterans Today Network.
Legal Notice - Comment Policy

Arnaldo Rodgers Posted by on 6:21 am, With 0 Reads, Filed under Economy. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Comments Closed

You must be logged in to post a comment Login

From Veterans Today Network