Fed trio spars on low-rate policy ahead of December meeting
CHICAGO (Reuters) – Three top Federal Reserve officials on Saturday offered sharply different takes on the U. S. central bank’s unprecedented efforts to push down long-term borrowing costs, highlighting what may be some key themes at the Fed’s upcoming policy-setting meeting. Charles Evans, the dovish president of the Chicago Fed, made no bones about his view that more policy accommodation is needed, repeating his call for keeping rates low until unemployment falls to at least 6. 5 percent, as long as inflation does not threaten to rise above 2. 5 percent. . . .
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