• Member of the Federal Open Market D. Lacker: Low interest rates are needed now because the economy is growing, "rather moderate pace"

Market news

12 October 2012

Member of the Federal Open Market D. Lacker: Low interest rates are needed now because the economy is growing, "rather moderate pace"

  • Fundamental growth prospects of the U.S. economy in the long term is still promising

  • It is expected that the confidence of households will gradually rise

  • Rather, economic growth will accelerate later next year

  • Political deadlock paralyzing uncertainty creates

  • The recession has forced consumers to be more cautious in spending

  • Investment in the housing market is still low compared to historical norms

  • The housing market is showing some encouraging signs

  • Would prefer to buy Treasury bonds and mortgage-backed securities are not

  • The housing market is still faced with excess inventories of homes

  • Reducing unemployment frustratingly slow

  • Economic recovery is "pretty weak"

  • The benefits of bond purchases is likely to be small

  • I agree with the decision of the Committee on the Open Market of to keep interest rates near zero


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