Fed May Need to Pause on U.S. Rate Hikes

Fed May Need to Pause on U.S. Rate Hikes - Yellen

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007691-fed-may-need-to-pause-on-us-rate-hikes-ye/

SEATTLE – U.S. interest rates must rise from their current very low levels but there might be need to pause if the economy slows more than presently expected, Federal Reserve Bank of San Francisco President Janet Yellen said on Thursday.

Speaking at a Fed-sponsored luncheon, Yellen noted the fed funds rate of 1.5 percent was well below estimates of an equilibrium rate of between 3.5 percent and 4.5 percent.

“With the actual funds rate currently as low as it is, there is thus reason for a strong presumption that rates will need to keep going up as we move forward,” she said.

For this complete story, please visit Fed May Need to Pause on U.S. Rate Hikes – Yellen.

Fed May Need to Pause on U.S. Rate Hikes - Yellen

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