Timiraos: Fed dissenters offered fuller case for July rate-hike support
Nick Timiraos, known as the “Fed whisperer,” said the three Federal Reserve presidents who supported a rate hike at the July FOMC meeting and dissented from the decision arguably provided a fuller explanation of their reasoning than the Fed majority did in Wednesday’s statement or news conference. On July 31, Dallas Fed President Lorie Logan largely reiterated her view from two weeks earlier. Even after excluding recent external shocks, underlying inflation remains close to 2.5%, she said, providing a basis for adopting a more restrictive policy stance.
Nick Timiraos, known as the “Fed whisperer,” said the three Federal Reserve presidents who supported a rate hike at the July FOMC meeting and dissented from the decision arguably provided a fuller explanation of their reasoning than the Fed majority did in Wednesday’s statement or news conference.
On July 31, Dallas Fed President Lorie Logan largely reiterated her view from two weeks earlier. Even after excluding recent external shocks, underlying inflation remains close to 2.5%, she said, providing a basis for adopting a more restrictive policy stance.
On July 31, Dallas Fed President Lorie Logan largely reiterated her view from two weeks earlier. Even after excluding recent external shocks, underlying inflation remains close to 2.5%, she said, providing a basis for adopting a more restrictive policy stance.