Correspondent, Chicago
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May 30, 2014
May 30, 2014
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

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."
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