Fed on track to raise rates later in 2015
The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. In separate events in Frankfurt and Detroit, St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart said U.S. monetary policy might need to be adjusted in light of the economy's steady improvement since the 2007-2009 financial crisis. Now may be a good time to begin normalizing U.S. monetary policy so that it is set appropriately for an improving economy over the next two years, Bullard said at a conference in the German financial hub. Read the full article: (VIEW LINK)
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