Rift Emerges in Fed Over Timing of Rate Rise
October 17th, 2009 - 11:40am
Filed under Economy
With unemployment rates expected at 9.8% in 2010, federal fund rates are expected to stay low for an extended period. Recent debate is centered around strategy, which includes raising rates and putting $2 trillion into programs that will hold up banks and credit markets, and how to execute them (New York Times). Any quick calls will cause friction between the fed and the White House because Obama has said that he doesn't want a quick end to stimulus policies.
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