FOMC

Federal Reserve Bank of Boston President Eric Rosengren said the central bank should raise rates in a “regular and gradual” way.

Given the numerous uncertainties in the economy, gradual rate hikes remain the best course, Federal Reserve Board Chair Janet Yellen said.

While monetary policy is not “overly easy,” Atlanta Fed President Raphael Bostic said his mind is open about tightening.

Wide disparities in wealth and income remain in the U.S., Federal Reserve Governor Lael Brainard said.

While he doesn’t “see much risk of an outsized breakout in inflation,” Federal Reserve Bank of Chicago President Charles Evans said Monday he is concerned that inflation expectations are too low.

Inflation will reach 2% in 2019 and stay there in 2020, after getting close in 2018, Federal Reserve Board Chair Janet Yellen said during a press conference Wednesday afternoon.

The Summary of Economic projections calls for one more rate hike in 2017.

The Federal Reserve will begin its balance-sheet-reduction plan in October, the panel announced Wednesday.

A decade after the financial crisis first flickered, the U.S. is set this week to lead the developed world in exiting unconventional policies that central banks unleashed to save the global economy.

The Federal Open Market Committee meeting should produce a start date for balance sheet reduction and a new dot plot, but no rate hike.