Keyword: hideunderthedesk

Brevity: Headers | « Text »
  • Interest rates close to right after last hike: Fed, Bernanke

    03/21/2006 12:47:31 PM PST · by economist-student · 31 replies · 753+ views
    Reuters via Yahoo! News ^ | March 21st, 2006 | Reuters
    Federal Reserve officials felt a 14th straight increase in interest rates last month put borrowing costs near where they needed to be, but agreed they could not rule out more hikes, given inflation risks. "Although the stance of policy seemed close to where it needed to be given the current outlook, some further policy firming might be needed to keep inflation pressures contained and the risks to price stability and sustainable economic growth roughly in balance," minutes from the Fed's January 31 policy-setting meeting released on Tuesday said. The minutes said some officials believed "somewhat" higher than desired readings on...