Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Fed's Evans: To hike when jobless rate below 6.5%

Fed's Evans: To hike when jobless rate below 6.5% (by Greg Robb)

WASHINGTON (MarketWatch) -- Chicago Federal Reserve President Charles Evans, the leading proponent of having the central bank tie its low-rate pledge to economic conditions, on Tuesday tweaked his influential formula, saying policy makers should vow low rates until unemployment falls below 6.5%, as long as inflation is not forecast to rise above 2.5%. In the past, Evans has advocated that the Fed offer assurances it will keep short-term rates low until the jobless rate falls to 7%, as long as inflation remains below 3%. Evans said the 7% threshold now seems "too conservative." He said he also lowered his inflation safeguard because it made "many people anxious." The Fed is seen as moving slowly but steadily toward an overhaul of its communications strategy. At the moment, the Fed uses a calendar-date approach, saying it expects to keep rates near zero until mid-2015.