# 'No urgency' to lift rates says Fed's Bies

Federal Reserve Governor Susan Bies said the central bank faces no urgency'' to lift the benchmark U.S. interest rate while awaiting more evidence that economic expansion is steady.

Our main direction is clearly up, but there's no urgency,'' Bies said in response to a question after a speech to the National Association of State Credit Union Supervisors in Albuquerque, New Mexico. We're not hitting all cylinders yet, and that gives us a little bit of time.''

The FOMC raised the fed funds

#### Latest issue

###### Central Banking Journal

Read the latest edition of the Central Banking journal