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Fed official says rates are last resort against financial risks
Fed official says rates are last resort against financial risks
The Federal Reserve should only as a last resort adjust interest rates to deal with financial instabilities thought to imperil the U.S. economy, and instead rely primarily on regulations and supervision, a top Fed official said on Saturday.
Rates low for too long, says ex-Bank of England boss
Lord Mervyn King says inflation has now been tamed and interest rates are "in the right ballpark". from BBC News https://ift.tt/...
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