Fed building
Flags fly on top of the Marriner S. Eccles Federal Reserve Board building in Washington, D.C., U.S., on Tuesday, Nov. 30, 2010. The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression. Photographer: Joshua Roberts/Bloomberg
At its previous meeting the Federal Open Market Committee voted to raise the target range for the federal funds rate to between ¾% and 1%. The move followed two weeks of Fed officials talking up a hike. Since the last meeting, Fed officials have discussed the balance sheet more than rate hikes. Here are the latest comments on monetary policy from the voting members.
Janet Yellen
Janet Yellen

Janet Yellen, Federal Reserve Board Chair

"The appropriate stance of policy now is closer to, let me call it neutral," Yellen said. She expects the economy to continue to grow at a moderate pace and that gradual interest-rate increases "can get us where we need to be."
William Dudley, Federal Reserve Bank of New York president
William Dudley, Federal Reserve Bank of New York president

William Dudley, Federal Reserve Bank of New York president

Dudley said three interest-rate hikes in 2017 is a "reasonable" projection and that the central bank may also begin shrinking its balance sheet later this year or in 2018, possibly pausing rate increases in the process.
Lael Brainard, Federal Reserve Board Governor
Lael Brainard, governor of the U.S. Federal Reserve

Lael Brainard, Federal Reserve Board Governor

No recent comments. A noted dove, who nevertheless supported the latest hike.
Charles Evans, Federal Reserve Bank of Chicago president
Charles Evans, Federal Reserve Bank of Chicago president

Charles Evans, Federal Reserve Bank of Chicago president

Progress toward the dual mandate "justifies" the two latest rate hikes, Evans said. His outlook is "roughly consistent with the median" projections and he would "support another one or two increases this year."
Stanley Fischer, Federal Reserve Board, vice chair
Stanley Fischer, Federal Reserve Board, vice chair

Stanley Fischer, Federal Reserve Board, vice chair

When asked if two more rate increases were still the expectation, Fischer said, "We're feeling that way. So far we haven't seen anything to change that.
Patrick Harker, Federal Reserve Bank of Philadelphia president
Patrick Harker, Federal Reserve Bank of Philadelphia president

Patrick Harker, Federal Reserve Bank of Philadelphia president

Three rate hikes appear to remain appropriate for this year, Harker said, though he added they can be spread out.
Robert S. Kaplan, Federal Reserve Bank of Dallas president
Robert S. Kaplan, Federal Reserve Bank of Dallas president

Robert S. Kaplan, Federal Reserve Bank of Dallas president

Three rate hikes remain "a good baseline," although depending on the economy more or fewer increases may be appropriate, Kaplan said.
Neel Kashkari, Federal Reserve Bank of Minneapolis president
Neel Kashkari, Federal Reserve Bank of Minneapolis president

Neel Kashkari, Federal Reserve Bank of Minneapolis president

"I dissented because the key data I look at to assess how close we are to meeting our dual mandate goals haven't changed much at all since our prior meeting," Kashkari said. "We are still coming up short on our inflation target, and the job market continues to strengthen, suggesting that slack remains."
Jerome H. Powell, Federal Reserve Board Chair
Jerome Powell, governor of the Federal Reserve, listens to a question during a Senate Banking subcommittee hearing in Washington, D.C., U.S., on Thursday, April 14, 2016. Powell urged lawmakers not to overemphasize the impact of regulation on bond market liquidity. Photographer: Drew Angerer/Bloomberg *** Local Caption *** Jerome Powell

Jerome H. Powell, Federal Reserve Board Governor

No recent comments. Powell supported the latest hike.
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