2 Fed officials clash over tapering plan
Two voting members of the Federal Reserve panel that sets interest rates are expressing clashing views over when the Fed should reduce its $85 billion a month in bond purchases.
Esther George, president of the Kansas City Federal Reserve Bank, suggested the Fed should slow the purchases after it meets Sept. 17-18. She said she could support an initial reduction of $15 billion a month.
Charles Evans, president of the Chicago Fed, said he isn't confident enough that the economy is gaining momentum or that inflation is rising.
Evans spoke before the government issued a subpar August job report, which the Fed will weigh in deciding whether to slow its bond buying. George spoke afterward.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Amazon.com distribution center planned for Pittsburgh’s West End
- Smartphone coupons just one way stores aim to increase spontaneous buys
- Health insurers will refund $5.2M to Pa. subscribers, group plans
- 10 million Americans sought help to enroll in Obamacare
- Rising number of health care workers have less than 4-year degree, study shows
- 3 ways to dig up dirt on people
- EQT posts $110.9 million profit in latest quarter
- GM profit 2Q falls 85% on recall costs
- Employers start to feel wage pressures
- Morgan Stanley settles for $275M
- Dunkin’ pushes cashiers to ‘upsell’