“New Voters May Sway Fed Actions” – NYT
“Most economists think the Fed is unlikely to drastically alter its policy direction, though some of the new members could nudge policy toward more restraint and less activism. Two of the four new voters are viewed as hawkish on inflation, meaning that they tend to be more worried about unleashing future inflation than they are about reducing unemployment in the short run.
The committee will be “a little more hawkish, on net, although I don’t think it’s a sea change,” said Jan Hatzius, the chief United States economist at Goldman Sachs.
Of the four new voting members, the one drawing the most attention is Charles I. Plosser, 62, president of the Federal Reserve Bank of Philadelphia since 2006.” Read more.
“New Voters May Sway Fed Actions”
Sewell Chan
The New York Times, December 26, 2010.
Image by Liz Noffsinger / FreeDigitalPhotos.net.
