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Low inflation fuels caution at Fed over rate rises

By Ann Saphir

(Reuters) – A number of top Federal Reserve officials want more convincing evidence that U.S. inflation is on a healthy upswing before embarking on what they expect will be a very gradual course of interest rate increases.

Policymakers at the central bank this week began to flesh out their thinking on the likely path for U.S. interest rates, with several calling for restraint and suggesting a willingness to push the economy past full employment to ensure a robust recovery and vanquish deflation risks.

Sep 24, 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."
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