CHICAGO/NEW YORK (Reuters) – A handful of Federal Reserve policy doves on Tuesday showed no sign they were prepared to dial down the U.S. central bank’s extraordinary accommodation any time soon, even though one gave a highly optimistic outlook that the economy will turn the corner next year.
Charles Evans, president of the Chicago Fed, forecast moderate growth this year of 2.5 percent, but gave a hearty endorsement of the economy’s trajectory, saying he expects 2014 to be “terrific.”
CHICAGO/NEW YORK, April 16 (Reuters) – Two top Federal
Reserve policy doves offered clashing views on the U.S. economic
outlook on Tuesday, although both agreed the job market has not
yet improved enough to merit any cuts to the central bank’s
The influential chief of the New York Fed, William Dudley,
told the Staten Island Chamber of Commerce he expects “sluggish”
economic growth of 2 to 2.5 percent this year and only a modest
decline in unemployment.