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13 Apr 2015
Fed speeches underline contrasting views within the FOMC – Danske
FXStreet (Barcelona) - Senior Analyst at DanskeBank, Sverre Holbek, notes that Friday’s Fed member speech highlighted the contrasting views for rate hikes.
Key Quotes
“Generally, Friday’s speeches by Richmond Fed President Lacker and Minneapolis Fed President Kocherlakota did not contain much new information. Lacker repeated his call for the Fed funds rate to be lifted in June, saying there would be no shame in adjusting it back lower if economic data demanded it. Kocherlakota maintained his view that rates should be left unchanged, saying that a 2015 hike would be ‘a mistake’.”
Key Quotes
“Generally, Friday’s speeches by Richmond Fed President Lacker and Minneapolis Fed President Kocherlakota did not contain much new information. Lacker repeated his call for the Fed funds rate to be lifted in June, saying there would be no shame in adjusting it back lower if economic data demanded it. Kocherlakota maintained his view that rates should be left unchanged, saying that a 2015 hike would be ‘a mistake’.”