David Kirkpatrick

June 30, 2010

Interest rates are going to stay low

Filed under: Business, Politics — Tags: , , , , — David Kirkpatrick @ 11:56 pm

In other words, move along everyone — there’s nothing to see here

From the link:

Jitters that financial strains may derail the U.S. economic recovery mean the Federal Reserve will be in no rush to end its ultra-low interest rates, comments by officials of the U.S. central bank suggested on Wednesday.

One senior Fed official went as far as acknowledging that falling inflation could spur the central bank to further ease financial conditions, and another policy maker would not rule out additional measures to stimulate growth.

When asked whether lower inflation would prompt the Fed to try to push borrowing costs even lower, Atlanta Federal Reserve President Dennis Lockhart told a Rotary Club audience: “It’s appropriate to think about what we would do under a deflationary scenario. At this point, no specific planning in my view is occurring but discussion in all likelihood will be on the agenda.”

1 Comment »

  1. […] Interest rates are going to stay low « David Kirkpatrick […]

    Pingback by How can you find out what the interest rates are in market? | US INTEREST RATE — July 1, 2010 @ 3:54 am


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