The Federal Reserve should not keep changing the goalposts for raising interest rates, a top Fed official said, just a week before the U.S. central bank convenes a policy-setting meeting where that possibility is likely to be discussed.
Dallas Fed President Richard Fisher told an agricultural group in Chicago that the Fed’s current threshold for considering a rate rise should stay at the current level of 6.5 percent unemployment.
He also reiterated his view that too-big-to-fail banks should be downsized, through market forces.
Source:
via Fed’s Fisher says he’s opposed to cutting unemployment threshold | Reuters.
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