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https://www.bnnbloomberg.ca/fed- ... ay-policy-1.1128102
Two regional Federal Reserve bank chiefs said they favor further interest-rate increases and criticism by President Donald Trump wouldn’t influence U.S. central bank policy.
“My own forecast is that it will be appropriate to raise rates a couple more times this year,” Kansas City Fed President Esther George said in an interview on Bloomberg Television with Kathleen Hays in Jackson Hole, Wyoming. Robert Kaplan, head of the Dallas Fed, told CNBC television that he backed three or four more hikes over the next nine to 12 months.
September Hike
Fed officials are getting ready to raise interest rates again next month amid an intensifying debate on how much higher to go amid strong labor markets and robust growth, minutes of their July 31-Aug. 1 meeting released in Washington on Wednesday showed. Investor expectations for a move next month are above 90 percent, according to pricing in interest rate futures markets.
The U.S. economy expanded 4.1 per cent in the second quarter and tracking indices from the New York and Atlanta Feds show it continues to grow. Unemployment is 3.9 percent, near the lowest since 2000, and inflation measured by the Fed’s preferred price gauge rose 2.2 per cent for the year ending June.
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