In a US television interview last night, Federal Reserve Chairman Ben Bernanke said that the Federal Reserve could raise interest rates even before employment returns to typical pre-recession levels.
“The unemployment rate is still going to be high for a while”,†said Bernanke, describing the current recovery as “moderate paced”. While not predicting when rates could increase, Bernanke noted that job creation tends to lag recovery, making it likely that rates will move upwards even if unemployment remains high.
Source: Bloomberg
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012