Fed Of­fi­cials Urge Cau­tion on Tim­ing of Next Hike

The Economic Times - - Companies -

Two more Fed of­fi­cials ar­gued for cau­tion over the tim­ing of the next rate hike as slower US growth, a stronger dol­lar and weak­ness abroad hin­der the Fed’s ef­fort to drive in­fla­tion higher. Philadel­phia Fed Pres­i­dent Patrick Harker and Dal­las Fed chief Robert Ka­plan’s re­marks Tues­day echoed re­cent calls for a slow ap­proach to pol­icy tight­en­ing by Chair Janet Yellen that have re­in­forced ex­pec­ta­tions that of­fi­cials won’t act when they meet on April 26-27.

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