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Mr. Lacker said after a similar dissent in January that he believed the Fed would need to raise short-term interest rates sooner than late 2014 to check a rise in inflation.
In overnight news, China's central bank injected liquidity into its financial system to check a rise in short-term interest rates, which was attributed to cash needs for consumers ahead of the Chinese Lunar New Year holiday that begins on January 31.
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Historically the U.S. could dominate the global scene and check a rising power like China, and set the global rules, with just our sheer physical mass — more money, more troops, more naval ships, more top-10 companies, more scientists and more universities.
Herein lies the great irony of the pivot: a strategy that was meant to check a rising China has sparked its combativeness and damaged its faith in cooperation".
Not for nothing are the White House and other supporters of the T.P.P. busy promoting it as way of defining some rules for a more Asia-centric world, and also — in traditional mercantile fashion — as a means of checking a rising rival power, in this case China.
Not for nothing are the White House and other supporters of the T.P.P. busy promoting it as way of defining some rules for a more Asia-centric world, and also in traditional mercantile fashion as a means of checking a rising rival power, in this case China.
It seemed as good a time as any for the United States to pursue the long-cherished goal of shifting its post-Cold War emphasis away from protecting Europe and securing access to Middle East oil to tapping the rich markets of Asia and checking a rising China.
Lately, with economic growth projected at a hearty 7percentt for 1983 and unemployment finally dropping, he has stuck with his original game plan rather than try to check a troubling rise in interest rates.
Republicans said cutting taxes when the government was running a substantial surplus was nothing more than returning an overcharge to the people who earned it and was the best way of checking a relentless rise in government spending.
Wisps of incense smoke curl through shafts of sunlight, bowls of dumplings and fresh yogurt are passed around, and now and again a monk rises to check a text message or find his cellphone charger.
They may be tempted to go it alone and pump even more oil in order to keep prices in check before a rise in seasonal demand.
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