| Reuters
Atlanta Federal Reserve Bank President Dennis Lockhart, who has argued that the bar for further monetary support remains high, captured the sentiment while speaking to reporters this week.
"In some respects the market has been doing the job for the Federal Reserve of suppressing the longer-term rates," he said.
But a growing chorus of economists, both within and outside the Fed, say the central bank cannot sit idly by with the U.S. unemployment rate still at an elevated 8.2 percent - and showing few hints of falling.
No comments:
Post a Comment