Fed Officials Debate Timing Of Interest Rate Increases: WSJ

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Fed Officials Debate Timing Of Interest Rate Increases: WSJ

by Wochit 0:46 mins

Fed Officials Debate Timing Of Interest Rate Increases: WSJ

by Wochit 0:46 mins

The Wall Street Journal has reported that a debate is intensifying among the Federal Reserve's regional bank presidents about whether to push interest rates up from zero sooner than planned because of recent improvements in the U.S. job market. Most Fed officials at June's policy meeting didn't see rate increases until 2015, according to projections made before the Labor Department reported on July 3 that the jobless rate fell to 6.1 percent in June. Fed officials hadn't expected unemployment to fall to near 6.1 percent until the end of this year.

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