Commentary: Doves waiting in Fed wings
By Darrell Delamaide in Washington
The rotation of voting members of the Federal Open Market Committee after its December meeting will bring to the fore outspoken doves, James Bullard of the St. Louis Fed and Charles Evans of the Chicago Fed, to balance out incoming hawks. Bullard made headlines in mid-October by calling for the Fed to stop raising rates and has proposed changed in how the Fed views the sustainability of current low unemployment and its effect on inflation. So far, the Fed has been able to raise rates because the economy has outperformed.
Read the full commentary on the website.
Meeting: Global trends in interest rates
Wednesday 28 November, London, 09:00 GMT
OMFIF organises a discussion with Domenico Giannone, assistant vice-president at the Federal Reserve Bank of New York, on global trends in interest rates.
Topics for debate will include inflation targeting in the US, reserves management and the unwinding of central bank balance sheets since quantitative easing.
Request to attend the meeting.
