FACTBOX: Fed policymakers' recent comments

Wed Jun 3, 2009 10:52pm BST
 
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CHICAGO (Reuters) - The following is a summary of recent comments by Federal Reserve policy-makers:

* Denotes 2009 voting member of the Federal Open Market Committee, which sets U.S. monetary policy.

KANSAS CITY FED PRESIDENT THOMAS HOENIG, JUNE 3:

"I suspect we are experiencing the first signs of the markets' concerns (about inflation ) in the rising rates and increased volatility in longer-term Treasury markets."

"We need to be alert to the markets' message and begin in earnest to bring monetary policy into better balance before inflation forces our hand."

* FEDERAL RESERVE CHAIRMAN BEN BERNANKE, JUNE 3:

"Maintaining the confidence of the financial markets requires that we, as a nation, begin planning now for the restoration of fiscal balance. Unless we demonstrate a strong commitment to fiscal sustainability in the longer term, we will have neither financial stability nor healthy economic growth.

"We now are in a process of slow and gradual repair, both in the financial system and the economy ... we have averted, I think, a very, very serious calamity."

DALLAS FED PRESIDENT RICHARD FISHER, JUNE 2:  Continued...

 

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