Arab Today, arab today federal bank president fed may have to hike rates faster than planned
Last Updated : GMT 19:15:07
Arab Today, arab today
Arab Today, arab today

Federal Bank president: Fed may have to hike rates faster than planned

Arab Today, arab today

Arab Today, arab today Federal Bank president: Fed may have to hike rates faster than planned

Philadelphia - UPI

The US Federal Reserve may have to raise short-term interest rates faster than expected as it winds down its economic stimulus policy, a Fed official said. While not saying the Fed was close to having to to raise rates from their current rock-bottom levels, Federal Reserve Bank of Philadelphia President Charles Plosser Friday expressed concern that the central bank will face many uncertainties about how that process will move forward, the Wall Street Journal reported. Plosser has been a skeptic of the Fed's bond-buying stimulus effort, known as quantitative easing, and has expressed discomfort with the duration of the extremely low short-term rates, the Journal said. Plosser spoke as a member of a panel discussion at the annual American Economic Association in Philadelphia. His comments follow the Federal Open Market Committee's decision in December to slow the pace of what had been an $85 billion a month bond-buying program, the Journal said. After the decision, monthly purchases will stand at $75 billion; observers expect a slow-but-steady reduction in the pace of buying as 2014 progresses. Plosser said he was uneasy with the expectation that the Fed would keep short-term rates very low until some point in 2015. He warned that the central bank should prepare for a faster and more aggressive rate-hike campaign. Plosser said the Fed would like to raise rates "gradually," noting "it doesn't always work that way." "How fast will we have to move interest rates up ... we don't know the answer to that," Plosser said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today federal bank president fed may have to hike rates faster than planned Arab Today, arab today federal bank president fed may have to hike rates faster than planned

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday