Dudley Says Fed to Maintain Gradual Tightening; Evans Is Wary
- New York Fed chief sees inflation restraints proving temporary
- Head of Chicago Fed: Inflation may reflect structural forces
Fidelity's Collins Sees Dec. Fed Hike 70% Priced-In
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Two Federal Reserve officials offered different views on the inflation outlook on Monday, as the central bank begins to debate whether to raise interest rates again this year or wait for price pressures to pick up.
Laying out the case for sticking with the Fed’s strategy of gradual monetary policy tightening, New York Fed President William Dudley that with firmer import prices and the “fading of effects from a number of temporary, idiosyncratic factors, I expect inflation will rise and stabilize around the FOMC’s 2 percent objective.”