Monetary policy

Suggesting that the Federal Open Market Committee need not raise interest rates any time soon, Federal Reserve Bank of St. Louis President James Bullard said Friday monetary policy “is likely neutral.”

The Federal Reserve is close to meeting its dual mandate, and while he expects inflation to run higher than 2% for a while, it won’t cause the Fed to respond aggressively, Federal Reserve Bank of Atlanta President Raphael Bostic said Wednesday.

The Senate Banking, Housing, and Urban Affairs Committee will hold a hearing on May 15 on the nominations on Richard Clarida and Michelle Bowman to the Federal Reserve Board.

With a strong economy, the Federal Reserve no longer needs to provide policy accommodation, according to Federal Reserve Bank of Richmond President Thomas Barkin.

Federal Reserve Chairman Jerome Powell said financial markets have gotten the message on the U.S. central bank’s plan for gradual interest-rate increases and “should not be surprised” by its actions.

The Federal Reserve’s policy-making panel is about to get a hawkish mid-year reshuffle.

Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank can accommodate an overshoot of its inflation target and he isn’t worried by the impact of oil prices rising past $70 a barrel.

Lorie Logan, a senior vice president at the New York Fed, said that she saw “virtually no chance of going back to the pre-crisis balance sheet size of $800 billion.’’

A total of 3-4 rate hikes this year remains viable, Federal Reserve Bank of San Francisco President John Williams said in a televised interview Friday.

The United States economy is healthy, according to Federal Reserve Bank of New York President William Dudley, who said he would be surprised if a recession occurred in the next couple of years.

The Federal Open Market Committee held the fed funds rate target at a range of 1.5% to 1.75% and tweaked its statement on inflation.

The Federal Open Market Committee meets this week, which means a light primary market calendar of $4.3 billion. With year-over-year core PCE seen at or near 2%, its statement will acknowledge rising inflation.

Federal Reserve officials are sounding increasingly confident they can run the U.S. economy hot without a harmful rise of inflation.

The economic outlook has not changed, Federal Reserve Board Gov. Lael Brainard said in a televised interview Friday, suggesting the Fed’s projected rate hikes are on target unless data changes require adjustment.

The Federal Reserve will need to continue raising interest rates, Federal Reserve Bank of Cleveland President Loretta Mester said.

Gary Pzegeo, head of fixed income at CIBC Atlantic Trust Private Wealth Management, discusses the changes at the Fed, including two new nominees, and what this means for monetary policy and the possibility of dynamic inflation targeting. Gary Siegel hosts.

Inflation and the unemployment rate will determine if monetary policy will need to become restrictive in the coming years, Federal Reserve Bank of New York President William Dudley said Wednesday.

New tariffs and concerns over widening trade disputes cast a shadow over the Federal Reserve’s most recent survey of U.S. businesses even as all 12 regions reported continued robust job growth with few signs of overheating.

With the latest bout of flattening, the reality of sub-zero spreads may soon collide with an otherwise sanguine outlook on the economy.

John Williams, who takes the helm of the powerful Federal Reserve Bank of New York in June, played down risks the yield curve would become inverted as the U.S. central bank gradually raises interest rates.