Fed officials emphasise risks despite improving outlook
“Risk management” approach to policy needed despite improving outlook
The Federal Open Market Committee (FOMC) should adopt a "risk management" approach to setting policy while the natural rate is low and the recovery uncertain, Fed officials emphasise in a string of recent speeches and articles.
Chicago Fed president Charles Evans and Minneapolis Fed president Neel Kashkari both cite the Fed's ability to make bold moves to tighten policy, but the limited space to ease. Both are currently voting members on the FOMC.
Kashkari makes his comments in an article on
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