St Louis/New York (Reuters)-two top fed officials suggest, last Tuesday, the central bank is not prepared to loose monetary policy meeting later this month on economic prospects were not worsen action was necessary place.
Whether James bullard, President of the federal reserve bank of st. Louis and the federal reserve bank of Dallas President fisher was very cool idea in last month's disappointing U.S. employment growth and boiling funds, in the new European monetary stimulus.
"Prospects for 2012 and not significantly change, brad said," so far, the meeting to be held in st. "In this moment of the change of the American monetary policy would not change in Europe."
In fact, global investors trample of its safety record lows, drive the United States and other countries of interest rate, the bonds, can let the fed officials breathing room, brad said. "A possible strategy is simply from his pocket production is low, continue to wait and picture of the U.S. economy," he said.
On Tuesday, the benchmark 10-year Treasury note, fell to a record low of 1.44% on Friday, the yield up to 1.57%.
Derek fisher, in Scotland, said in a speech, the fed policymakers "must keep on their own head" weak economic data, skin rashes and resist trying to solve the problem of economy, more monetary stimulus. "Short-term implosion, I can't support a further quantitative loose," he said.
Fisher is the central bank's most ardent one of inflation hawks, even more independents vocal supporters have is make brad economic time to heal.
But leather and hucknall asked, Cleveland, President of the federal reserve bank, who told the "Wall Street journal", a depressing jobs report last Friday the United States is not worth the policy response to the recent speech showed that the fed officials not prepared to trigger them in June 19-20, the meeting to be held on further relax.
Skin hucknall and "think is a mild pigeon, is the federal reserve this year of voters the federal open market committee policy making, and brad and Derek fisher to all have no.
Late Tuesday, the federal reserve Chicago fed President Charles Evans, is perhaps the most 19 central bank policymakers moderate, double his push to ease policy, but the more. He said, may the employment report, this is better than expected much less, may inhibit economic growth their expectations.
"Since the summer of 2010, I have been thinking that the strongest policy provide accommodation," Evans said, held in New York. "A huge resource gap, sluggish growth and low inflation, the economic situation need strong accommodation."
Federal reserve chairman Ben bernanke last Thursday (Wednesday) vice President jeanette and Aaron speak words congressional testimony will give the most influential officials whether to put off any new steps to take more clear understanding.
Loose the expected jobs report fuel
The fed cut benchmark short-term interest rates close to
With the threat of economic recovery to fobbed off last year, the federal reserve started in its portfolio exchange is down long-term interest rates for long-term short outdated securities; The program will end by the end of this month. The central bank also send a conditional promise, to close to zero, held until the end of 2014.
Most fed officials hinted that comfortable and stable policy, in the last few weeks, but the Great Wall street and the federal reserve (Reuters)-the direct deal with the company, the survey found employment report, which showed that the economy last month increased by 69000 work, promote the further relaxed expected in monetary policy. (the fed/R)
The unemployment rate rose for the first time may in close to a year, from 8.1% to 8.2% in April, but the employment growth cut April and march, reveals the labor market in three months-the stun.
Some analysts expect the federal reserve action "turn" plan to expand its portfolio of mature outspread, and look at the others, to expand its balance sheet to buy bonds and win.
When asked if what to do and operation, Derek fisher says, "I doubt very much that the relevant operational distortion effect."
In the United States employment slowing, the European debt crisis intensifies. The euro zone's fourth largest economy, Spain, on Tuesday warned that it is losing into the credit market, and held an emergency meeting of finance ministers called for the world's major economies to discuss the crisis.
Even so, brad warned not to overreact.
"I don't think it is reasonable to say that each time the situation seems a little hot, we will have a policy response, he said:" in st. Louis, it consists of two party policy center held a meeting.
Fisher said, the fed should not be a "accomplice" in Washington's fiscal policy makers did not provide enough grasp, to the enterprise management and budget prospects of decision makers, a theme, he often visit mischief.
"Unless you can construct the financial department of the own affairs, the federal reserve has been to the economy in the creation of employment opportunities in the work, the cheap and sufficient funds to incent the private sector, monetary policy will prove to be incompetent," fisher said.
"My view is, monetary policy is not the answer-it will only make things worse, if this monetized repeated."




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