Correspondent, Chicago
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Oct 30, 2014
Oct 29, 2014
Oct 29, 2014

Yellen reins in Fed hawks with a few choice words

SAN FRANCISCO/NEW YORK, Oct 29 (Reuters) – Federal Reserve
Chair Janet Yellen persuaded two hawkish colleagues to join her
pledge on Wednesday to keep interest rates low for a long while,
winning them over by sounding an optimistic tone on the U.S. job
market and inflation.

Charles Plosser and Richard Fisher, chiefs of the regional
Philadelphia and Dallas Fed banks, respectively, had dissented
at the U.S. central bank’s last meeting in September and had
argued for ditching a promise not to raise rates for a
“considerable time” after ending a bond-buying stimulus program.

Oct 29, 2014
Oct 29, 2014
Oct 29, 2014
Oct 29, 2014
Oct 29, 2014
Oct 29, 2014
Oct 29, 2014
    • About Ann

      "Coverage includes Federal Reserve regional banks, U.S. monetary policy, interest-rate futures markets, and financial exchanges and clearinghouses serving the derivatives marketplace, including CME Group."
      Joined Reuters:
      2010
      Languages:
      English, Japanese
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