federal bank president fed may have to hike rates faster than planned
Saturday 26 July 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Federal Bank president: Fed may have to hike rates faster than planned

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Federal Bank president: Fed may have to hike rates faster than planned

Philadelphia - UPI

The US Federal Reserve may have to raise short-term interest rates faster than expected as it winds down its economic stimulus policy, a Fed official said. While not saying the Fed was close to having to to raise rates from their current rock-bottom levels, Federal Reserve Bank of Philadelphia President Charles Plosser Friday expressed concern that the central bank will face many uncertainties about how that process will move forward, the Wall Street Journal reported. Plosser has been a skeptic of the Fed's bond-buying stimulus effort, known as quantitative easing, and has expressed discomfort with the duration of the extremely low short-term rates, the Journal said. Plosser spoke as a member of a panel discussion at the annual American Economic Association in Philadelphia. His comments follow the Federal Open Market Committee's decision in December to slow the pace of what had been an $85 billion a month bond-buying program, the Journal said. After the decision, monthly purchases will stand at $75 billion; observers expect a slow-but-steady reduction in the pace of buying as 2014 progresses. Plosser said he was uneasy with the expectation that the Fed would keep short-term rates very low until some point in 2015. He warned that the central bank should prepare for a faster and more aggressive rate-hike campaign. Plosser said the Fed would like to raise rates "gradually," noting "it doesn't always work that way." "How fast will we have to move interest rates up ... we don't know the answer to that," Plosser said.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

federal bank president fed may have to hike rates faster than planned federal bank president fed may have to hike rates faster than planned

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

federal bank president fed may have to hike rates faster than planned federal bank president fed may have to hike rates faster than planned

 



GMT 10:18 2018 Thursday ,30 August

Iran incapable of closing Hormuz, Bab Al Mandeb

GMT 10:46 2012 Thursday ,16 February

BMW i8 The Best of the 2012 Detroit Auto Show

GMT 15:48 2018 Sunday ,21 January

Iraqi, Kurdish PMs try to resolve bitter dispute

GMT 06:15 2018 Tuesday ,09 January

Hollywood stars declare war on sexual misconduct

GMT 00:09 2017 Sunday ,29 January

Egypt working for Libya political solution, says FM

GMT 06:03 2017 Wednesday ,01 March

Saudi Aramco, Malaysian Petronas sign historic deal

GMT 13:55 2012 Sunday ,15 January

Youngest Microsoft professional dies

GMT 10:54 2016 Monday ,14 November

US elections have heightened uncertainty

GMT 10:49 2017 Wednesday ,20 September

Nabila describes mother’s death as the worst in life

GMT 00:24 2017 Saturday ,23 September

Gulf Air launches daily flights to Istanbul

GMT 14:50 2011 Friday ,24 June

Nelly Maqdasi sings for Arabs
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice