Economics
Fed's Big Three Expected to Reinforce December as Liftoff Option
- Yellen, Fischer and Dudley all set to speak publicly Wednesday
- Officials may seek to end period of confusion in markets
Will the Fed Move Forward With a December Rate Hike?
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Federal Reserve Chair Janet Yellen and her top two lieutenants, all speaking publicly Wednesday, have a chance to drive home a united message about their readiness to raise interest rates in December if the labor market continues to show modest improvement.
Yellen testifies before the House Financial Services Committee at 10 a.m. on Capitol Hill. The official topic is financial regulation, but lawmakers are free to ask her anything, including about monetary policy or the economy. New York Fed President William C. Dudley will hold a press briefing at 2:30 p.m. in New York, and Vice Chairman Stanley Fischer will speak to the National Economists Club in Washington at about 7:30 p.m.