Fed doves disagree over FOMC's next move

The indecision surrounding the future of the Federal Reserve's asset purchase programme was highlighted yesterday in separate speeches by three members of the Federal Open Market Committee (FOMC), setting out their differing visions.

Sandra Pianalto, the Cleveland Fed president, warned the Fed's balance sheet will grow to $4 trillion by the end of the year if it continues purchasing assets at a rate of $85 billion each month, and called for the FOMC to start applying the brakes.

Boston Fed

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.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

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: