Apr 012011

Minneapolis Federal Reserve Bank President Narayana Kocherlakota said in an interview Thursday that he would be surprised if it were below 8.5% at the end of 2011. Even so, he suggested the Fed may need to raise interest rates late in the year to keep inflation under control.

via Jobs Report Signals Improving Economy – WSJ.com.


Looks like the Fed is signaling interest rate increases.

 Leave a Reply

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>