Former Fed Chairman Ben Bernanke: there is no hurry to start raising interest rates

Market news

6 October 2015

Former Fed Chairman Ben Bernanke: there is no hurry to start raising interest rates

Former Fed Chairman Ben Bernanke said in an interview with CNBC on Monday that there is no hurry to start raising interest rates.

"The goal post was 2 percent inflation. We're not there yet," he said.

"If you raised rates too early and kill the economy, that doesn't help you," he added.

Bernanke pointed out that slow productivity growth weighs on the U.S. economy.

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