Fed presidents lay ground for extra rate hike

John Williams: attainment of dual mandate "close at hand"

The presidents of the Chicago, Boston and San Francisco Federal Reserve Banks each signalled in speeches on March 29 an additional rate hike could be necessary in 2017, as the US economy shows signs of heating up.

Chicago’s Charles Evans, currently a voting member of the Federal Open Market Committee (FOMC), said the current expectation of three hikes this year was a “far more gradual path” for rates than previous tightening cycles. If growth and inflation expectations pick up, the “sturdier”

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