Correspondent, Chicago
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Jul 10, 2015

Fed’s Yellen says expects rate hike this year, but cites labor weakness

CLEVELAND, July 10 (Reuters) – Federal Reserve chair Janet
Yellen on Friday said she expects the Fed to raise interest
rates at some point this year, but pointed strongly to her
concerns that U.S. labor markets remain weak and that more
workers could be encouraged back into the job market with
stronger growth.

In her speech Yellen gave no direct hint about whether she
anticipates more than one rate hike over the Fed’s four
remaining meetings of 2015. But her focus on domestic economic
developments looked beyond recent market turbulence over Greece
and China, and keeps the Fed’s plans on track.

Jul 9, 2015

Fed’s Evans wants no U.S. interest-rate hikes until mid-2016

CHICAGO (Reuters) – A top Federal Reserve policymaker known for his dovish policy views made the case Thursday for waiting until the middle of next year to raise U.S. interest rates, citing global risks and a domestic economy that still needs plenty of support.

“Mid-2016 is where I envision the first liftoff,” Chicago Fed President Charles Evans told a handful of reporters at his bank’s headquarters in Chicago.

Jul 8, 2015

Fed’s Williams still prefers two rate hikes this year

LOS ANGELES (Reuters) – The U.S. Federal Reserve will likely raise interest rates this year, a Fed policymaker said on Wednesday, adding that his personal preference continues to be for two rate hikes before the end of the year.

“I still believe this will be the year for liftoff, and I still believe that waiting too long to raise rates poses its own risks,” San Francisco Fed President John Williams said, repeating a view he expressed after the Fed ended its June meeting with a decision to keep rates near zero.

Jun 24, 2015

Analysis – U.S. Fed says it is data dependent, but whose data?

WASHINGTON/SAN FRANCISCO (Reuters) – The Federal Reserve says it will depend on straightforward data analysis in deciding when to raise U.S. interest rates.

But whose data will it depend on?

The large, half a percentage point revision to estimated U.S. first quarter gross domestic product issued on Wednesday by the Bureau of Economic Analysis nearly erased a contraction in output that had unnerved policymakers.

Jun 24, 2015

Fed says it is data dependent, but whose data?

WASHINGTON/SAN FRANCISCO (Reuters) – The Federal Reserve says it will depend on straightforward data analysis in deciding when to raise U.S. interest rates.

But whose data will it depend on?

The large, half a percentage point revision to estimated U.S. first quarter gross domestic product issued on Wednesday by the Bureau of Economic Analysis nearly erased a contraction in output that had unnerved policymakers.

Jun 19, 2015

Fed’s Williams sees two interest-rate hikes this year

SAN FRANCISCO, June 19 (Reuters) – The Federal Reserve is on
track to raise U.S. interest rates twice this year as long as
inflation begins to show signs of rising back to 2 percent and
the unemployment rate continues to fall, a top Fed official said
on Friday.

“Definitely my own forecast would be having us raise rates
two times this year, but that would depend on the data,” San
Francisco Fed President John Williams told reporters at the
bank’s headquarters.

Jun 18, 2015

Fed may hike just once in 2015 as Yellen strikes less certain tone

SAN FRANCISCO/WASHINGTON (Reuters) – The question of how quickly the Federal Reserve should raise rates is dividing normally like-minded policymakers at the U.S. central bank, pitting those who favor two hikes this year against a growing number of those who want to stop at just one.

That shift, and the very real possibility that Fed Chair Janet Yellen may be one of the five who now prefer a single rate hike in 2015 rather than among an equal number who prefer two, is bolstering the view that the Fed may not deliver until late in the year.

Jun 17, 2015

Preview – Fed eyes mixed bag of data as new rate “regime” nears

WASHINGTON (Reuters) – The U.S. Federal Reserve is meeting with the possibility of an interest rate hike squarely on the table, but with a different issue center stage: Is the worst of 2015 over?

After watching the U.S. economy contract in the first quarter, central bank officials have signaled they won’t raise rates this week. But they will have to judge whether healthier recent jobs, wage and consumer spending data have put that earlier swoon safely in the past, clearing the way for a rate hike – or hikes – later this year.

Jun 17, 2015

Fed eyes mixed bag of data as new rate ‘regime’ nears

WASHINGTON (Reuters) – The U.S. Federal Reserve is meeting with the possibility of an interest rate hike squarely on the table, but with a different issue center stage: Is the worst of 2015 over?

After watching the U.S. economy contract in the first quarter, central bank officials have signaled they won’t raise rates this week. But they will have to judge whether healthier recent jobs, wage and consumer spending data have put that earlier swoon safely in the past, clearing the way for a rate hike – or hikes – later this year.

Jun 10, 2015

Dallas Fed seeks chief with PhD as search enters 8th month

SAN FRANCISCO (Reuters) – The Federal Reserve Bank of Dallas is seeking a chief with a “direct, open and honest personality” and the scholarly chops to make his mark as U.S. central bankers near the critical decision of when and how fast to raise interest rates.

The ideal candidate, according to a job description provided to Reuters, will be “objective and pragmatic,” have a “high emotional IQ and (be) capable of asserting a point of view and engaging intellectually with other colleagues to ensure the best decisions are reached.”