INTERESTING: "An increase in short-term interest rates “is very likely to be a long way off,” Dudley said. Not only will it likely take “considerable time” to reach the 6.5% unemployment rate threshold, “but also the FOMC could wait considerably longer before raising short-term rates. The fact that inflation is coming in well below the FOMC’s 2% objective is relevant here.” He noted that most FOMC participants don’t expect short-term rates to begin rising until 2015."
Posted on: Sat, 29 Jun 2013 11:08:03 +0000
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