Rate hike depends on tight economy: Feds Powell Federal Reserve Governor Jerome Powell said on Friday that he wanted to see signs that the U.S. economy was tightening up before interest rates could be raised. While acknowledging that employment in the United States had rebounded, Powell highlighted significant slack, referring to unemployed or underutilized workers. The Fed hopes to end its stimulus program for the U.S. economy by the end of the year, clearing the way for it to eventually raise interest rates. Im looking for some sign the economy is getting tight before we can start thinking about raising rates, Powell said at an event in London. Read more here: cnbc/id/101737654
Posted on: Mon, 09 Jun 2014 04:13:07 +0000
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