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Fed Officials Eyeing Rate Hike See Path Tied to Fiscal Policies

  • Fed presidents from New York, Chicago, St. Louis spoke Monday
  • They indicated Fed is close to meeting inflation, job goals

Three U.S. central bankers speaking on Monday left little doubt that they favor interest rate increases, though they indicated the pace of monetary tightening is uncertain amid questions about the impact of President-elect Donald Trump’s fiscal policies.

Speaking just before they enter a quiet period on Tuesday ahead of their Dec. 13-14 meeting in Washington, Federal Reserve Bank of New York President William Dudley and his Chicago and St. Louis counterparts Charles Evans and James Bullard said at separate events that they’re close to achieving their dual mandate of full employment and 2 percent inflation.