A senior Federal Reserve official said on Tuesday that an extended period of ultra-low U.S. interest rates invites speculative behavior and is risky.
“When you have zero rates that go on indefinitely, you are inviting future problems,” Kansas City Federal Reserve Bank President Thomas Hoenig told CNBC television in an interview.
“We know that zero is non-sustainable [...]
Posts Tagged ‘zero rate’
Fed’s Hoenig: zero-rate pledge invites speculation
March 2nd, 2010 by Mortgage Writer
Tags: fed, federal reserve, us central bank, us interest rates, us unemployment rate, zero rate
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