Fed Speak, Claims | Forex Factory

  • Fed Speak, Claims

    From typepad.com

    The Fed is not likely to raise rates in June. But not everyone at the Fed is on board with the plan. Serial dissenter Kansas City Federal Reserve President Esther George repeated her warnings that interest rates are too low: I support a gradual adjustment of short-term interest rates toward a more normal level, but I view the current level as too low for today’s economic conditions. The economy is at or near full employment and inflation is close to the FOMC’s target of 2 percent, yet short-term interest rates remain near historic lows. Her motivation stems primarily from concerns about financial imbalances: Just ... (full story)

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aroxalot
May 12, 2016 6:44pm
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Jobless claims are at 5 week highs so that could hit the NFP hard when last month's data gets published
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AnniLi
May 12, 2016 7:51pm
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"Today, the unemployment rate is still somewhat above my estimate of the natural rate, 4.7 percent. But waiting too long to have more normalized rates risks possibly overshooting on the unemployment rate, and needing to tighten more quickly than would be desirable."

Totally agree, but surely the point is that timing, especially in a world where economic growth is anaemic, - timing demands patience and integrity which is where Yellen is at.
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