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Fed Likely to Remove ‘Patient’ Barrier for Rate Increase as Soon as June
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U.S. Federal Reserve chairwoman, Janet Yellen, says the Fed's promise to be "patient" before raising interest rates means it will hold off for 2 months to check economic conditions before taking action. This would put the decision off till June 2015. The Fed will look at a range of factors including inflation, says Yellen. Yellen's comments to the Senate Banking Committee on Feb. 24, 2015 were- "I don't want to set down any single criterion that's necessary for rate increases to occur. We will be considering a range of evidence that pertains to the inflation outlook." In testimony Yellen said she wanted to be "reasonably confident" that inflation will return to 2% before raising rates. The Fed's measure of inflation, Commerce Department's personal consumption expenditures price index is below the 2% inflation target of the Fed for 52 of the past 68 months, and for 34 consecutive months.
The expectations for inflation in 2014-2016 and U.S. Federal Reserve chairwoman Yellen's response
05/12/2014
Bernanke pointed to low inflation below the Fed's 2% target during the period of quantitative easing policies in 2010-2013. Higher prices of medical care, housing and import prices are expected in the rest of 2014. Analysts say this will taper off and inflation expectations are still much below 2% for 2014, especially as large number of part time workers keeps wage growth at a low level, and is likely to do so for a considerable period probably into 2015. Higher energy and food costs are not included in the core index for inflation the Fed looks at.
Grouped Articles
Markets Watch, Warily, for a Small Bump in Inflation
Wall Street Journal 05/12/2014
Fed Panel Has Begun to Address How to Gradually Raise Rates
New York Times 05/21/2014
WSJ's Hilsenrath: Fed Can Be Patient on Rate-Hike Debate After Data
Wall Street Journal 08/02/2014
Fed Minutes Show Wariness Over Global Growth
Wall Street Journal 10/08/2014
Risk of Deflation Feeds Global Fears
Wall Street Journal 10/16/2014
New York Times 10/16/2014
U.S. Federal Reserve's 6.5% unemployment target with 2% inflation announced by Bernanke in Dec. 2012
01/27/2009
The U.S. Fed's chairman Bernanke says the Fed will keep rates low till unemployment reaches 6.5% citing "the tremendous waste in human potential" of high unemplyment rates. As long as inflation remains subdued at 2% the Fed will continue its current policy of low rates. In 2013 the Fed will continue bond buying at the rate of $85 billion a month. If unemployment drops to 6.5%, but this is because more people are dropping out of the labor market the Fed will take this into account, says Bernanke. The Fed will also keep an eye out for asset bubbles in the economy.
Grouped Articles
Stimulus and the Depression: The Untold Story
Wall Street Journal 09/26/2011
Fed Officials Try to Set the Market at Ease
Wall Street Journal 06/24/2013
Wall Street Journal 07/05/2013
Wall Street Journal 07/11/2013
FX HORIZONS: The Fed’s Risky Codependency with Markets
Wall Street Journal 07/11/2013
Bernanke Plays Down Link Between Jobless Rate, Fed Moves
Wall Street Journal 07/18/2013
Low inflation, the U.S. Federal Reserve's response and U.S. stock market in 2015
01/19/2015
Grouped Articles
Inflation Could Freeze the Fed in Place
Wall Street Journal 01/19/2015
Fed Likely to Remove ‘Patient’ Barrier for Rate Increase as Soon as June
Wall Street Journal 03/11/2015
Dollar Will Keep Jabbing at the Fed
Wall Street Journal 03/25/2015
Why This Old Bull Market May Not Be Ready to Die
Wall Street Journal 04/26/2015
U.S. Markets Are an Oasis for Buy-and-Hold Investors
New York Times 07/25/2015
The Fed Gets a Last Data Point, and It Isn’t Good
Wall Street Journal 09/17/2015
The U.S. Federal Reserve's Sept. 16-17, 2014 minutes and the shift in sentiment for raising rates with the stronger dollar and weak overseas economies likely to lower economic growth
10/08/2014
Grouped Articles
Fed Minutes Show Wariness Over Global Growth
Wall Street Journal 10/08/2014
New York Times 10/16/2014
Fed Likely to Remove ‘Patient’ Barrier for Rate Increase as Soon as June
Wall Street Journal 03/11/2015
Strong Dollar Stands in Manufacturing Sector’s Way
Wall Street Journal 03/16/2015
Dollar Will Keep Jabbing at the Fed
Wall Street Journal 03/25/2015
Central Banks’ Lesson: Easy Money Alone Isn’t a Growth Salve
Wall Street Journal 09/18/2015
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