May 02, 2012 08:25 AM IST | Source: CNBC

Fed Hawk and Dove agree: No more easing

Two top Federal Reserve officials — one with a dovish, employment-focused bent, and the other a self-avowed inflation hawk — on Monday both said they see no need for the US central bank to ease monetary policy any further.

Fed Hawk and Dove agree: No more easing

Two top officials — one with a dovish, employment-focused bent, and the other a self-avowed inflation hawk — on Monday both said they see no need for the US central bank to ease monetary policy any further. Federal Reserve

But the comments, from San Francisco Fed  President John Williams and Dallas Fed President Richard Fisher, do not mean they believe the central bank should quickly move to raise rates, which it has kept near zero for more than three years.

The economy grew at a 2.2 % pace last quarter, down from its 3% growth rate in the final three months of the year. Recent economic data, including a gauge of business activity in the U.S. Midwest, signal growth may slow further this quarter.

"I don't think we are ready to exit yet," Fisher, an inflation hawk, told Reuters at the Milken Institute Global Conference in Los Angeles.

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