FACTBOX: Fed policymakers' recent comments

Tue Jul 8, 2008 9:44pm BST
 
Email | Print | | Single Page
[-] Text [+]

NEW YORK (Reuters) - The following is a summary of recent comments by Fed policy-makers:

* Denotes 2008 voting member of the Federal Open Market Committee, which sets U.S. monetary policy.

* FED CHAIRMAN BEN BERNANKE, JULY 8:

"We are currently monitoring developments in financial markets closely and considering several options, including extending the duration of our facilities for primary dealers beyond year-end, should the current unusual and exigent circumstances continue to prevail in dealer funding markets."

RICHMOND FED PRESIDENT JEFFREY LACKER, JULY 8:

"It could happen that we find it necessary to raise rates even if unemployment is still rising and growth is still weak.

"That is a possibility ... it is something that we need to be prepared to do."

SAN FRANCISCO FED PRESIDENT JANET YELLEN, JULY 7:

"On a continuum I would say things are shifting to somewhat more inflation risks.  Continued...

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos