Federal Reserve Chairman Ben Bernanke warned of the risks of raising interest rates too soon.
According to CNN, Bernanke said “A premature tightening of monetary policy could lead interest rates to rise temporarily, but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further,”.
Since December of 2008, the U.S. interest rate has rested around the zero mark. The Fed is also running their quantitative easing program as an attempt to stimulate the economy.
Today’s full economic outlook from Bernanke can be found here: today’s U.S. Economic Outlook.
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