“Fed Will Hold Interest Rates – And Inflation Will Rise”
“Early this year, it was our belief (and forecast) that the Federal Reserve would start lifting interest rates from their current level of near zero by mid-year 2010. Our view has been that 0% interest rates are too low, that the economy would be (and is) in recovery, and that inflationary pressures would continue to increase.
Even though all of this is still true, the Fed has made clear in recent months that it is willing to hold interest rates down for a more “extended” period of time than we had previously thought. As a result, we now believe the Fed could continue holding rates at current levels through the end of 2010.” Read more.
“Fed Will Hold Interest Rates – And Inflation Will Rise”
Brian S. Wesbury and Robert Stein
Forbes.com, May 18, 2010.
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