Monetary policy

Federal Reserve Bank of New York President William Dudley said factors restraining price pressures should disappear with time, allowing the U.S. central bank to maintain its gradual pace of monetary policy tightening.

Federal Reserve Bank of San Francisco President John Williams said he expects “gradual rate increases” over the next couple of years, with one possibly as early as December.

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.

After years of maintaining that inflation expectations were stable, Fed policymakers are starting to recognize a small but worrying softening.

Federal Reserve Chair Janet Yellen and President Donald Trump’s daughter and adviser Ivanka had a breakfast meeting on July 17 at the U.S. central bank, according to Yellen’s public schedule.

New York Fed President William Dudley said hurricanes could influence the timing of the next interest-rate increase, although growth warrants gradual hikes.