Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Taylor Say Fed May Have to Raise Rates Early in 2010

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Svenja O’Donnell and Erik Schatzker
Bloomberg News
Friday, September 11, 2009

Sept. 11 (Bloomberg) — Stanford University professor John Taylor said the U.S. Federal Reserve may have to start raising interest rates at the start of 2010 to contain price pressures.

“If inflation starts to pick up” as the economy recovers, “the Fed’s going to have to raise rates as early as the first part of next year,” Taylor said in an interview on Bloomberg Television in New York today.

The Fed has kept its interest rate in a target range of zero to 0.25 percent since December in a bid to pull the economy out of a recession. The central bank has switched to asset purchases and credit programs as its main policy tools.


Under Chairman Ben S. Bernanke, the Fed used emergency powers to rescue American International Group Inc., as well as markets for commercial paper, housing bonds and asset-backed securities. In the process, the Fed’s balance sheet expanded by $1.2 trillion over the past year.

Treasury Secretary Timothy Geithner said yesterday that the government is moving to withdraw some of its support for financial markets.

Full story here.

This article was posted: Friday, September 11, 2009 at 10:32 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

CREEPY UNCLE JOE See the rest on the Alex Jones YouTube channel.

The Truth About Soy Boys See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/KQ-YjGmpO4Q https://www.youtube.com/embed/FTSvLKY7HEk

© 2017 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.