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
- Turkish central bank carries out emergency rate hike as currency falls
- BoE research says digital currency would ‘strengthen’ policy transmission
- US House passes deregulation bill with bipartisan support
- Brazil’s central bank launches fintech laboratory
- Is this the beginning of a new era of credit risk management technology?