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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: