Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | Reviews   |  Columnist Reviews 



Reviews Columnist Reviews

Saturday January 22, 06:49
Fed officials indicate “measured’ rate hikes likely to continue
(by Julia Jenson)

Fed officials indicate “measured’ rate hikes likely to continue

The Federal Reserve officials have indicated in a string of sayings on Tuesday that the US financial policy makers will continue to raise rates at the same measured pace as before.

Fed Governor Susan Bies said in Baltimore that with moderate inflation expectations and continuing economic recovery the Fed should "continue our pace of making measured advances at each of the meetings."

Sandra Pianalto, president of the Cleveland Fed, was more hawkish than the others, saying that the Fed should pay attention to the fact that inflation may be on its way, and it is better to raise rates sooner than "finding out the hard way."

"It is prudent to move the federal funds rate up to a position that gives me more confidence that monetary policy is no longer accommodative," she said in a corporate meeting in Pittsburgh.

Minneapolis Fed President Gary Stern said he was "not fully persuaded" excessive risk-taking is taking place as mentioned in the Fed minutes of the previous meeting.

Philadelphia Fed President Anthony Santomero did not counter the ossibility of moving to a more aggressive rate-changing pace, but agreed with Bies that the change in policy needs to erly on the flow of data.

"If signs of price pressure emerge on a consistent basis we will need to consider quickening the pace," Santomero said in a speech to the Philadelphia Chamber of Commerce.

All columnist reviews
Read the related news and articles:
26 May 2005 07:02 AM U.S. economy expanded more than expected in 1st quarter
23 May 2005 09:58 AM US growth expected to slow down, although US will still beat other G-7 nations
19 May 2005 07:53 AM Gramlich steps down as Fed governor
04 May 2005 06:21 AM Fed makes another 'measured' increase
03 May 2005 02:20 PM The Federal Open Market Committee increased its main interest rates by 0.25% to 3%
 


   KEYWORD SEARCH

KEYWORDS:

   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.