| As the Fed headed into its two-day meeting, former Richmond Fed President Al Broaddus said Tuesday it's a "very close call" on whether policymakers will decide to increase interest rates for the first time in nine years in September or December.
"I think the expectation right now probably has to be December," he told CNBC's "Squawk Box"—though he personally would like to see a September hike. "I think they'd like to get on with it. And they should get on with it." The motivation behind his urgency has nothing to do with worries about a "big bulge" in inflation around the corner, said Broaddus. "I'd just like to see us get it off the table. ... It's a distraction."..............................................Full Article: Source
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