Fed presidents clash over monetary policy

kansas-city-federalreserve

The presidents of two Federal Reserve banks criticised the Federal Open Market Committee's (FOMC's) monetary policy stance in separate speeches on January 10, each from opposing ends of the monetary policy spectrum.

Esther George, president of the Federal Reserve Bank of Kansas City, warned the persistence of highly accommodative monetary policy threatened the Fed's ability to control unemployment and inflation in the long term.

By contrast, Narayana Kocherlakota, president of the Federal Reserv

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: