The Federal Reserve unlikely to raise interest rates

The Takeaway

"They are approaching it keeping in mind that the economy is very weak, and we are still in a credit crisis, so they have to offset the inflation problem with the problem of a weak economy that could be weakened even more if they stared raising interest rates. So what they’ve decided to do, I think, and we’ll know early this afternoon, is not raise rates at all, or lower them, but just leave them where they are: 2% short-term Federal Funds rate …"

"The Takeaway" is PRI’s new national morning news program, delivering the news and analysis you need to catch up, start your day, and prepare for what’s ahead. The show is a co-production of WNYC and PRI, in editorial collaboration with the BBC, The New York Times Radio, and WGBH.

More at thetakeaway.org

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