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Aug 30, 2015

World to Fed: We’re prepared for U.S. rate hike, so don’t delay

, Aug 30 (Reuters) – Central bankers from
around the world are telling their American counterparts that
they are ready for a U.S. interest rate hike and would prefer
that the Federal Reserve make the move without further ado.

In private and in public at last week’s global central
banking conference in Jackson Hole, the message from visiting
policymakers was that the Fed has telegraphed an initial
monetary tightening and, following a year-long rise in the
dollar, financial markets globally are as ready as they can be.

Aug 29, 2015

Fed’s Fischer sees inflation rebound, allowing gradual rate hikes

, Aug 29 (Reuters) – U.S. inflation will
likely rebound as pressure from the dollar fades, allowing the
Federal Reserve to raise interest rates gradually, Fed Vice
Chairman Stanley Fischer said on Saturday in a speech careful
not to overreact to a possible Chinese slowdown.

The influential U.S. central banker was circumspect whether
he would prefer to raise rates from near zero at a
much-anticipated policy meeting on Sept. 16-17. But he said
downward price pressure from the rising dollar, falling oil
prices, and slack in the U.S. labor market is fading.

Aug 29, 2015

Bank of England stance on rates unchanged by China: Carney

By Howard Schneider and Jonathan Spicer

JACKSON HOLE, Wyo. (Reuters) – Bank of England Governor Mark Carney said on Saturday that a slowdown in China’s economy could push down further on inflation but it did not change, for now, the central bank’s position on when and how it might increase interest rates.

Carney, speaking at an annual U.S. central banking conference in Jackson Hole, Wyoming, reiterated his view that the recovery in Britain’s economy “will likely put the decision as to when to start the process of gradual monetary policy normalization into sharper relief around the turn of this year.”

Aug 29, 2015

‘Good reason to believe’ inflation will rise: Fed’s Fischer

By Jonathan Spicer and Howard Schneider

JACKSON HOLE, Wyo. (Reuters) – U.S. inflation will likely rebound as pressure from the dollar and other factors fade, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday.

The influential U.S. central banker was circumspect whether he would prefer to raise rates from near zero at a much-anticipated policy meeting on Sept. 16-17. But he said downward price pressure from the rising dollar, falling oil prices, and slack in the U.S. labor market is fading.

Aug 29, 2015

‘Good reason to believe’ U.S. inflation will rise -Fed’s Fischer

, Aug 29 (Reuters) – U.S. inflation will
likely rebound as pressure from the dollar and other factors
fade, allowing the Federal Reserve to raise interest rates
gradually, Fed Vice Chairman Stanley Fischer said on Saturday.

The influential U.S. central banker was circumspect whether
he would prefer to raise rates from near zero at a
much-anticipated policy meeting on Sept. 16-17. But he said
downward price pressure from the rising dollar, falling oil
prices, and slack in the U.S. labor market is fading.

Aug 28, 2015

Fed hawks acknowledge market turmoil may delay rate hike

By Jonathan Spicer and Howard Schneider

JACKSON HOLE, Wyo. (Reuters) – Federal Reserve officials who are most anxious to hike interest rates said on Friday that continued turmoil in financial markets may cause the central bank to delay tightening monetary policy beyond next month, even though the U.S. economy remains strong.

St. Louis Fed President James Bullard told Reuters he still favored hiking rates at the Fed’s next policy-setting meeting in mid-September, though he added that his colleagues would be hesitant to do so if global markets were volatile at that time.

Aug 28, 2015

Fed officials pushing for rate hike unfazed by market turmoil

By Jonathan Spicer and Howard Schneider

JACKSON HOLE, Wyo. (Reuters) – Recent market turmoil should not delay the Federal Reserve from raising interest rates at least once, given that the global equities selloff and China’s economic slowdown have had little effect on the U.S. economy, a top Fed official said on Friday.

St. Louis Fed President James Bullard told Reuters he still favored hiking rates at the Fed’s next policy-setting meeting in mid-September, though he added the U.S. central bank would be hesitant to do so if markets were still volatile at that time.

Aug 28, 2015

Two Fed officials pressing for rate hikes unfazed by market volatility

By Jonathan Spicer and Howard Schneider

JACKSON HOLE, Wyo. (Reuters) – Two top Federal Reserve officials who have pressed for interest rate hikes said on Friday that a spate of violent swings in financial markets won’t knock the U.S. economy off its feet.

“The U.S. outlook still looks very good,” St. Louis Fed President James Bullard told Bloomberg in an interview from Jackson Hole, Wyoming, where central bankers from around the world are converging for an annual meeting.

Aug 28, 2015

China jitters, globalization bode ill for Fed’s inflation goal

By Howard Schneider and Jonathan Spicer

JACKSON HOLE, Wyo. (Reuters) – Wild swings in world financial markets this week have shown how events in China can potentially disrupt the Federal Reserve’s carefully scripted policy plans. The turmoil, triggered by a rout in Chinese markets, also flagged a broader risk that the U.S. central bank may struggle to meet its inflation target until the rest of the world plays along.

As they try to nudge U.S. interest rates away from zero, policymakers might have to rethink a basic assumption that solid economic growth and swelling payrolls at home are enough to do the job even as the world’s second-largest economy stutters.

Aug 27, 2015

BOJ’s Kuroda says China slowdown unlikely to hit Japan exports much

NEW YORK (Reuters) – China’s economic slowdown should not harm Japan’s exports very much in coming years, and falling oil prices will not stop the Bank of Japan from hitting its inflation target, BOJ Governor Haruhiko Kuroda said on Wednesday.

Kuroda, addressing a New York audience, said China’s economy is likely to slow further although he predicted growth in its gross domestic product (GDP) will remain at 6-7 percent this year and next.