Fed “Fed up with foot-dragging”

The second half of the month of February was notable for Fed “consistency” (note: nv=non-voting member) 14-Feb Janet Yellen: “Further adjustment likely needed if economy on track”. 14-Feb J. Lacker (nv): “Next hike should come sooner rather than later”. 15-Feb E. Rosengren (nv): “2017 growth could require faster rate hikes”. 15-Feb N. Kashkari: “Have to wait and see on new fiscal policies”. 22-Feb D. Lockhart (nv): “March is a live meeting”. 24-Feb J. Powell: “March hike is on the table”. 27-Feb R. Kaplan: “Should move sooner rather than later”. 28-Feb P. Harker: “3 hikes are appropriate this year”. 28-Feb J….

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