25 Feb 2015
Fed's watcher Hilsenrath: Yellen laid groundwork for rate hikes later this year
FXStreet (Bali) - According to Jon Hilsenrath, Fed watcher at the WSJ, the Federal Reserve Chairwoman Janet Yellen sounded upbeat about the economy, noting that she laid the groundwork for interest-rate increases later this year.
Key Quotes - Hilsenrath
"With that assessment, Ms. Yellen took an incremental step, shifting the central bank away from promises that interest rates will stay low and toward a discussion of when and how fast they will move up."
"Her comments before the Senate panel signaled the Fed still doesn’t expect to raise its benchmark short-term rate from near zero at its March or April meetings."
"Many Fed officials have said in recent weeks that a midyear rate increase should be on the table, though not certain. Ms. Yellen sought to put the Fed’s shifting pronouncements about rates into perspective."
Key Quotes - Hilsenrath
"With that assessment, Ms. Yellen took an incremental step, shifting the central bank away from promises that interest rates will stay low and toward a discussion of when and how fast they will move up."
"Her comments before the Senate panel signaled the Fed still doesn’t expect to raise its benchmark short-term rate from near zero at its March or April meetings."
"Many Fed officials have said in recent weeks that a midyear rate increase should be on the table, though not certain. Ms. Yellen sought to put the Fed’s shifting pronouncements about rates into perspective."