Connect with us
Last year, the Fed predicted a number of future rate hikes in coming years. Fed Chair Janet Yellen is now prepping for the first one of 2017

archive

Fedspeak in Focus as Yellen Lays out Future Rate Hikes

Last year, the Fed predicted a number of future rate hikes in coming years. Fed Chair Janet Yellen is now prepping for the first one of 2017

Fed Chair Janet Yellen gave a closely watched speech to the Executives Club of Chicago last Friday, which she used as a platform to lay out her economic outlook prior to the central bank??s March 14-15 Federal Open Market Committee (FOMC) meeting.

Yellen stated, ??We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect. The process of scaling back accommodation has so far proceeded at a slower pace than most FOMC participants anticipated in 2014.”

??Looking ahead, we continue to expect the evolution of the economy to warrant further gradual increases in the target range for the federal funds rate. However, given how close we are to meeting our statutory goals, and in the absence of new developments that might materially worsen the economic outlook, the process of scaling back accommodation likely will not be as slow as it was in 2015 and 2016.?

To read the rest of this article about Yellen’s thoughts on future rate hikes, please click here.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Advertisement
Advertisement

TRENDING NOW:

Global Elites Started The Russia Nonsense.

U.S. POLITICS

Trump Puts British Intel Under Spotlight: ‘I Hope [Barr] Looks at the UK… I May Talk to PM…’

FOREIGN AFFAIRS

Kassam Banned From Facebook on UK Election Day.

TECH

American Catholicism: The Retrograde’s Intellectual Tradition.

CULTURE

archive

Fedspeak in Focus as Yellen Lays out Future Rate Hikes

Fed Chair Janet Yellen gave a closely watched speech to the Executives Club of Chicago last Friday, which she used as a platform to lay out her economic outlook prior to the central bank’s March 14-15 Federal Open Market Committee (FOMC) meeting.

Yellen stated, “We currently judge that it will be appropriate to gradually increase the federal funds rate if the economic data continue to come in about as we expect. The process of scaling back accommodation has so far proceeded at a slower pace than most FOMC participants anticipated in 2014.”

“Looking ahead, we continue to expect the evolution of the economy to warrant further gradual increases in the target range for the federal funds rate. However, given how close we are to meeting our statutory goals, and in the absence of new developments that might materially worsen the economic outlook, the process of scaling back accommodation likely will not be as slow as it was in 2015 and 2016.”

To read the rest of this article about Yellen’s thoughts on future rate hikes, please click here.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

Global Elites Started The Russia Nonsense.

U.S. POLITICS

Trump Puts British Intel Under Spotlight: ‘I Hope [Barr] Looks at the UK… I May Talk to PM…’

FOREIGN AFFAIRS

Kassam Banned From Facebook on UK Election Day.

TECH

American Catholicism: The Retrograde’s Intellectual Tradition.

CULTURE

Connect
Newsletter Signup.

Sign up to the Human Events newsletter