How much longer will the Feds continue to keep banks’ interest rates low? How will this affect the economy in the coming months?
Those are the questions being asked since the Federal Reserve came out proclaiming it would continue to keep the bank’s rates to zero, for a while anyway.
Kansas City Reserve Bank President Thomas Hoenig is dissenting with the policy.
on U.S. interest rates. Minutes of the June 22-23 Fed meeting released on Wednesday. showed officials wanted to be ready to consider additional. steps to boost the U.S. economy if an already softening outlook …
Publish Date: 07/15/2010 12:49
Pacific Investment Management Co.’s Bill Gross said the Federal Reserve is unlikely to raise interest rates for two to three years as it seeks to keep the economy from slipping back into recession.
Publish Date: 08/13/2010 6:59
One of the many challenges of being a Fed official is having to make decisions on interest rates and other policies actions now — based on your best thinking of what the future will hold. When James Bullard, president of the Federal …
Publish Date: 08/13/2010 11:25
Typically, the Fed can lower interest rates to encourage Americans to borrow money and spend it, invigorating the economy. But the benchmark interest rate controlled by the Fed has been almost zero for more than a year now. …
Publish Date: 08/13/2010 16:15
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