from San Diego Union Tribune (03.13.2015)
Bob Rauch on the EconoMeter panel as they second guess the Feds.
Interest rate hike ahead?
Bob Rauch: No
“The Fed’s dual mandate is to provide for low unemployment and keep inflation in check. While falling unemployment is a favorable sign, there are broader macroeconomic factors that are keeping interest rates low, including the fall in oil prices, anemic growth in Europe and political paralysis in Washington. Low interest rates for the foreseeable future will help to mitigate these other challenges that could hinder economic growth. At the end of the day, interest rates will likely rise this summer but it will not be solely due to favorable job numbers but rather a combination of many macroeconomic factors.”