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Credit Crisis

Ex-N.Y. Fed Official Sack Says Zero Rates Are Appropriate

The Federal Reserve is justified in keeping rates near zero for now, and should be cautious as it considers raising them later this year given the potential economic costs of prematurely tightening financial conditions, a top former Federal Reserve official said Monday.

Source: http://blogs.wsj.com/economics/2015/03/09/ex-n-y-fed-official-sack-says-zero-rates-are-appropriate/?mod=WSJBlog
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