Three Fed Policy Voters Signal Prolonged Easing to Stoke Growth

Three Federal Reserve officials who vote on policy this year signaled the Fed may press on with easing for some time to reduce the jobless rate and push up inflation toward the central bank’s 2 percent target.

“Monetary policy in the United States is likely to remain highly accommodative for some time,” Fed Governor Jerome Powell said yesterday in a speech in San Francisco. Boston Fed President Eric Rosengren backed further easing to “achieve full employment within a reasonable forecast horizon,” while James Bullard of the St. Louis Fed said in an interview on CNBC he wants the Fed to “meet our goals,” singling out inflation.