Correspondent, Chicago
Ann's Feed
Jun 25, 2014

Fed’s Dudley sees mid-2015 rate hike as ‘reasonable’

By Ann Saphir

(Reuters) – The U.S. Federal Reserve can reasonably wait to raise interest rates until mid-2015 without risking an undesirable rise in inflation, an influential Fed policymaker said on Tuesday.

“We think we can get the unemployment rate considerably lower and still not have an inflation problem,” William Dudley, president of the New York Federal Reserve Bank, told a Puerto Rico accounting group.

Jun 17, 2014
Jun 12, 2014
Jun 12, 2014
Jun 12, 2014

Fed should stop sending profits to Treasury, economist argues

SAN FRANCISCO, June 12 (Reuters) – The U.S. Federal Reserve
should suspend payments to the Treasury to avoid a potential
cash crunch when the time comes to raise interest rates,
according to former Richmond Fed policy adviser Marvin
Goodfriend.

Such a reversal in policy is critical to protecting the
Fed’s inflation-fighting credibility, Goodfriend said in an
interview Thursday, because otherwise the central bank will find
itself needing to print money to pay for its obligations as it
raises interest rates, an untenable situation in his view.

Jun 12, 2014
Jun 12, 2014
Jun 12, 2014
Jun 12, 2014
Jun 12, 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
    • More from Ann

    • Follow Ann