Tag: Charles Plosser

• Saturday, August 23rd 2014 - 06:18 UTC

  Yellen insists with expansive policies despite growing pressure from 'hawks' on interest rate

  

  Federal Reserve Chair Janet Yellen said Friday that the US jobs market has not yet fully recovered, but acknowledged that data is sending mixed signals, spurring debate over inflationary pressures. In a speech to leading central bankers in Jackson Hole, Wyoming, Yellen, who has kept Fed policy expansive due to perceived excess slack in the jobs market, gave no clear new signs for monetary policy.

• Friday, September 30th 2011 - 01:32 UTC

  Dissident Fed member forecasts a ‘painfully protracted recovery’

  

  Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a “painfully protracted” recovery, one of the officials who dissented against the decision said on Thursday.