Current Weather
The Spy FM

Fed Won’t Raise Rates Soon, Reserve Bank President Says

Filed by KOSU News in Business.
April 11, 2012

The Federal Reserve’s policymakers seem to be reluctant to consider any more efforts to inject a monetary stimulus into the U.S. economy — but that doesn’t mean you should expect the central bank to raise interest rates any time soon.

For NPR’s Newscast desk, Steve Beckner of Market News International filed this report:

“Atlanta Federal Reserve Bank President Dennis Lockhart, a voting member of the Fed’s policymaking Federal Open Market Committee, says he’s ‘reticent’ about doing another round of bond buying to cut long-term interest rates.”

“Talking to reporters at a conference in Stone Mountain, Ga., he says such ‘quantitative easing’ should only be done if the economy weakens and unemployment rises — something he does not expect. But, unlike a few of his colleagues, Lockhart says he’s ‘comfortable’ with the FOMC’s stated aim of keeping short-term rates near zero ‘at least through late 2014.’”

Many of the bank presidents have been attending an annual financial markets conference in Atlanta. The Fed is set to release its “beige book” report on America’s economic environment at 2 p.m. ET today.

Reuters has compiled recent quotes from the Fed Bank leaders, in which they weigh in on inflation, interest rates and potential threats to the U.S. economy.

And an additional perspective comes from Boston Federal Reserve Bank President Eric Rosengren, who warned that money market funds should be regulated more tightly, calling them a “transmission channel” for financial turmoil originating in Europe. [Copyright 2012 National Public Radio]

Leave a Reply

5AM to 9AM Morning Edition

Morning Edition

For more than two decades, NPR's Morning Edition has prepared listeners for the day ahead with two hours of up-to-the-minute news, background analysis, commentary, and coverage of arts and sports.

Listen Live Now!

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

View the program guide!

10AM to 11PM On Point

On Point

On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today. Leaving no perspective unchallenged, On Point digs past the surface and into the core of a subject, exposing each of its real world implications.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center