Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5% (user search)

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Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5% (search mode)

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Topic: Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5% (Read 1484 times)

King
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Re: Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Reaches 6.5%

« on: December 13, 2012, 03:15:12 PM »

Sounds reasonable.

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King
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Re: Federal Reserve to Keep Interest Rates Low Until Unemployment Rate Falls to 6.5%

« Reply #1 on: December 17, 2012, 01:37:02 AM »

Quote from: shua, gm on December 17, 2012, 12:09:25 AM

Seems like there'd be a downside to having near zero interest rates for the better part of a decade (?)

Yes, but there's also a downside to raise interest in a economy that's down on its GDP goals. We should have raised interest rates, taxes, and cut spending in 2004-2007 but failed. Overcompensating for those mistakes now isn't helpful.

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