The Federal Reserve can keep interest rates low for longer because even with jobs being created at a “pretty healthy clip” low rates are not creating inflationary pressures, a top Fed official said on Wednesday.
Minneapolis Fed President Neel Kashkari, speaking at the Institutional Investor Conference in Minneapolis streamed live on the bank’s website, also said he sees no signs of a housing bubble.
via Reuters
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Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
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