Politics & Policies

The Fed and the Unemployment Rate / Fisher says he’s opposed to cutting the 6,5% threshold

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:

Reuters

via Fed’s Fisher says he’s opposed to cutting unemployment threshold | Reuters.

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