Jeffrey Lacker, president and CEO of the Federal Reserve Bank of Richmond, resigned today, effective immediately.
The Federal Open Market Committee should raise interest rates at every other meeting by default in 2017 unless economic data come in that are inconsistent with forecasts, Federal Reserve Bank of Boston President and CEO Eric Rosengren said today.
Economic and monetary conditions are in line with Federal Reserve officials’ expectations for an interest rate hike when the Federal Open Market Committee meets on March 15, Fed Chairman Janet Yellen said at an event in Chicago today.
Dallas Fed President and CEO Robert Kaplan today said that economic conditions and downside risks from accommodative monetary policy warrant a faster pace of interest rate increases.
The U.S. economy will likely continue to see moderate expansion, a strengthening job market and inflation gradually rising to 2 percent in the months ahead, Federal Reserve Chair Janet Yellen said today in her semi-annual report to Congress on the state of monetary policy.