Further dispute among Fed presidents

federal reserve

The presidents of the Federal Reserve banks of Chicago, Philadelphia and San Francisco have added their voices to the increasingly divisive debate over the Federal Open Market Committee's (FOMC's) monetary policy.

Chicago Fed president Charles Evans and San Francisco Fed president John Williams both broadly defended the ongoing accommodative stance of monetary policy, while Philadelphia Fed president Charles Plosser branded the low federal funds rate ineffectual.

Their comments follow critical s

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