Correspondent, Chicago
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May 30, 2014
May 30, 2014
May 30, 2014
May 30, 2014
May 30, 2014

Fed’s George wants rate hikes, open to big balance sheet

, May 29 (Reuters) – Kansas City Federal
Reserve Bank President Esther George said Thursday she is open
to leaving the U.S. central bank’s balance sheet big even as it
withdraws accommodation, a comment that reveals the extent of
uncertainty at the Fed over future policy.

The Fed’s balance sheet now tops $4 trillion after years of
buying bonds to boost the economy, a policy that George has
opposed for years.

May 30, 2014

U.S. Fed’s George wants rate hikes soon, and not too gradual

, May 29 (Reuters) – A top Federal Reserve
official on Thursday called for the U.S. central bank to raise
interest rates soon after it winds down its bond-buying stimulus
and to raise them more sharply than most of her fellow
policymakers expect.

The Fed is on target to phase out bond-buying completely by
this coming fall. Fed Chair Janet Yellen has said short-term
interest rates will stay at their current near-zero level for a
“considerable” time afterward, and will then rise only
gradually.

May 30, 2014
May 30, 2014
May 30, 2014
May 30, 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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