Two Fed Officials Offer Different Views on Risks From Low Rates
- Boston’s Rosengren Warns of Commercial Real Estate Threat
- Chicago’s Evans Sees Low Rate Expectations Becoming Entrenched
Fed's Inflation Divergence: Oil Falls While Prices Rise
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Two Federal Reserve officials laid out sharply different takes on whether continued low interest rates might raise the risks of financial instability, highlighting divisions on the Federal Open Market Committee ahead of its September policy meeting.
Federal Reserve Bank of Chicago President Charles Evans argued at a conference in Beijing Wednesday that expectations for interest rates remaining low for a long time are becoming entrenched among investors, allowing the Fed to delay raising rates without running the risk of causing financial instability.