Bloomberg reported that four Federal Reserve regional bank presidents who vote on monetary policy this year see less of a need for the Fed to spur the economy with new accommodation.
The presidents’ comments echo the minutes of the Fed’s March 13 meeting, in which a “couple of” participants called for easing only “if the economy lost momentum” or if inflation fell below its 2% target. Fed officials will hold the main interest rate close to zero at least through 2014, a date “subject to revision in response to significant changes in the economic outlook,” Bloomberg said.
“The probability of needing to do additional stimulus is lower,” San Francisco Fed president John Williams told reporters yesterday. Cleveland’s Sandra Pianalto, Atlanta’s Dennis Lockhart and Richmond’s Jeffrey Lacker also spoke against additional accommodation this week, with Lacker saying yesterday he “was surprised a couple months ago at the probability market participants seemed to ascribe to further easing,” Bloomberg noted.
To read the full Bloomberg story click here.
No tags available
Monitor 100 2016
Not all equipment finance companies are the same, but many are similar. You have your small-ticket focused shops, the captives and vendor-focused entities, among others. However, no company is exactly the same. That is especially true when it comes to... read more
Monitor 100 2016
Two years ago when Michael Brown assumed the regional president position at Washington Federal’s Arizona branch, the new title marked not only a new chapter in Brown’s career, but massive growth and transition for the bank. Brown was appointed in... read more