Greece Unlikely to Derail Fed’s Plan

The Greek crisis is no big deal as far as the U.S. economy and the Federal Reserve are concerned.  That’s the conclusion of a majority of economists polled by Bloomberg this month. They said the crisis won’t hurt the U.S. economy nor deter the Fed from raising interest rates later this year.

Fed officials voiced concern about the potential impact of a Greek exit from the euro currency zone at their policy-making meeting last month, according to minutes of that gathering released by the central bank Wednesday.

Most economists, though, don’t expect those worries to keep the Fed from raising interest rates for the first time since 2006, according to the July 2-8 Bloomberg survey. That increase is still seen as taking place in September, based on the poll results.