Broaddus says Fed patience is right

Federal Reserve Bank of Richmond president Alfred Broaddus said in an interview that clear evidence of tighter labour markets and higher core inflation will be needed before the Fed can raise interest rates.

"The recent behaviour of inflation ... and the surplus of labor are two factors that I think about when I think about policy and, as of right now, I think they justify the patience that we are still signalling," Richmond Federal Reserve Bank President Alfred Broaddus told Reuters in an in

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: