interest rates to rise: Fed to keep interest rates low for now but they will raise them.
- 03/20/14 09:06 AM
After meeting for two days the Federal Reserve announced that it is keeping interest rates at historically low levels for the foreseeable future and is dropping a link between the interest rate and specific levels of unemployment. You can view the Fed Chairs comments here. Fed Chair Janet Yellen said "Unless inflation were a significant concern, we would never dream of raising the federal funds rate target." This is great news for our industry and here's why. As a mandate of policy, as unemployment falls, it fell to 6.5%, the Fed was going to raise interest rates as falling unemployment is a … (2 comments)
After meeting for two days the Federal Reserve announced that it is keeping interest rates at historically low levels for the foreseeable future and is dropping a link between the interest rate and specific levels of unemployment. You can view the Fed Chairs comments here.
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