• Fed’s Kocherlakota repeated his view that the Fed should raise interest rates until 2014

Noticias del mercado

12 abril 2012

Fed’s Kocherlakota repeated his view that the Fed should raise interest rates until 2014

 

    • Supports the increase in rates is later this year

    • The Fed should tighten policy in 6-9 months

    • There is no reason to now, the Fed continued to stimulate the economy

    • U.S. GDP is likely to grow by 2.5% to 3% in 2012 and 2013

    • Inflation is likely to be 2% in 2012 and 2.3% in 2013

    • Unemployment rate falls to 7% by the end of 2013

    • Extremely mild Fed policy leads to higher prices

    • Further support for the Fed to be justified only if the economy weakens

    • Each member of the FOMC adheres to his own opinion

    • Decisions of the FOMC shall collectively

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