The Fed Urged to Raise Interest Rates
WASHINGTON – U.S. Federal Reserve (the Fed) are urged to be able to maintain the fragile American economy. One of them by the way, changing its monetary policy to peg the interest rate 0-0,25 percent.
The urge was made by the local economic actors, waiting for the results of a policy meeting the Federal Open Market Committee (FOMC) held for two days from Wednesday (16/12/2009).
The Fed has maintained interest rates at levels 0-0,25 percent since December 2008, to withdraw liquidity pressure at that time. In addition, local economists also requested that the Fed is more aggressive again in the pouring trillions of dollars into financial markets to flourish credit.
“With the restoration of conditions which are still running, we saw the Fed has not made many changes. Especially near the end of this year, in which the market would dry up,” ujat Chief U.S. Economist Joseph LaVorgna Deutsche Bank, was quoted as saying by the AFP, Wednesday (16/12 / 2009).
However, market participants First Trust Brian Wesbury says different things. According to him, the Fed is not going to be hasty in changing its policies. “There are two things that influence it, namely unemployment data and inflationary pressures,” Wesbury added.
Just FYI, Uncle Sam’s Economic Affairs in the 3rd quarter of this year could grow in 2009. This growth surprised many parties. The reason is in the same period last year, experienced a contraction due to recession.
In order to maintain such growth, the Fed also asked to speed up recovery program with a variety of measures
beitarnews | Bank | 12 16th, 2009 |












