The Presidential Daily Brief

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    Federal Reserve Governors Doubt Hike Timing

    They’re a house divided. Two members of the Fed’s board have said they’re opposed to raising interest rates soon, publicly questioning chair Janet Yellen’s view that inflation will rise on the heels of strong U.S. employment. Daniel Tarullo joined fellow governor Lael Brainard, saying in an interview yesterday that it was inappropriate to seek a hike this year. Minutes from the Fed’s September session show that eight of 12 board members favored raising rates, but no hike is expected this month — which is likely to cause the dollar to slide.

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