Wednesday, Jul 01, 2009
Will we follow on?
Bloomberg: Fed’s Yellen Says Rates May Stay Near Zero for Years
Federal Reserve Bank of San Francisco President Janet Yellen said the prospect that policy makers will leave the benchmark U.S. interest rate near zero for the next several years is “not outside the realm of possibility.” “We have a very serious recession, we have a 9.4 percent unemployment rate,” and inflation possibly falling further below the Fed’s preferred level".
Posted by alan @ 09:16 PM (271 views) Add Comment
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