» » Fed Taking Baby Steps, But Direction is Clear, AMP Says

Fed Taking Baby Steps, But Direction is Clear, AMP Says

Add Comment
General News
Monday, August 25, 2014
2247 GMT [Dow Jones] The overall global recovery remains on track, but its gradual and it is not an environment where central banks will be in a hurry to take away the punch bowl, says AMP chief economist Shane Oliver. "It's important to note that the Fed is gradually becoming less dovish," he added. Federal Reserve Chairwoman Janet Yellen's opening address to the annual central bankers get together in Jackson Hole effectively reiterated her assessment that considerable labor market slack remains but acknowledged uncertainty in assessing the degree of slack. "Yellen's somewhat less dovish comments are consistent with the Fed edging closer to starting to raise interest rates but remain consistent with the first move on rates not coming till around mid next year," Mr. Oliver said. http://online.wsj.com/articles/wsjs-hilsenrath-fed-can-remain-patient-on-rate-hike-debate-after-data-1406901937?KEYWORDS=Hilsenrath (james.glynn@wsj.com; Twitter @JamesGlynnWSJ)
(END) Dow Jones Newswires
August 24, 2014 18:48 ET (22:48 GMT)

0 Response to "Fed Taking Baby Steps, But Direction is Clear, AMP Says"

Thanks for give comment.

Subscribe to: Post Comments (Atom)