Fed officials push financial stability to centre of rate debate
Higher valuations in commercial real estate flagged as potential risk
New York
WITH US inflation low and seen staying that way, Federal Reserve officials who favour raising interest rates point to preserving financial stability as another reason to move. Chicago Fed president Charles Evans, a key advocate of delaying action, is making a new argument to push back against that notion.
His comments in Beijing earlier on Wednesday touch on key questions for the policy-setting Federal Open Market Committee (FOMC) when it meets this month: Do officials need to increase rates before inflation rises to their 2 per cent target, in …
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