… to have echoed Bernanke’s sentiment when she said recently that “the equilibrium real federal funds rate is … anticipated to rise only gradually over time as the various headwinds that have restrained the economic recovery continue to abate.” 13 more words
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In a previous blog post, we expressed the view that a tug-of-war was under way between the market and the Federal Reserve (Fed) surrounding the timing of the first rate hike. 29 more words
I would expect the level of the federal funds rate to be normalized only gradually, reflecting the gradual diminution of headwinds from the financial crisis and the balance of risks I have enumerated of moving either too slowly or too quickly,’ she said. 12 more words
Normalizing Monetary Policy: Prospects and Perspectives I would like to thank President Williams for his kind introduction and the Federal Reserve Bank of San Francisco for inviting me to what promises to be a very stimulating and important conference. 12 more words
Scientists have confirmed that a polio-like virus called EV-D68 is behind a mysterious outbreak of paralysis in children last year.
While the central bank chair appears to be doing all she can to ready markets for the coming increase in rates, she was also quick with reassurances that the federal funds rate is not going to go up by leaps and bounds from its current 0%-0.25% target. 14 more words