Economics

Sleuthing for Fed Dots Hints at Yellen Plotting Three ‘17 Hikes

  • Process of elimination leaves less room among doves for chair
  • NY Fed’s Dudley may also favor three rate increases this year

Fed, Fiscal Policy, and Unwinding the Balance Sheet

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Has Federal Reserve Chair Janet Yellen been outed as favoring three interest-rate increases this year, as opposed to a more dovish two?

That’s the buzz making the rounds among hard-core Fed watchers as they parse an outpouring of comments by policy makers over the past four weeks.