Today's Paper Search Latest stories Drivetime Mahatma 🔴 Hogs live Traffic Legislature Newsletters Obits Weather Puzzles + Games
ADVERTISEMENT
ADVERTISEMENT

The Federal Reserve should consider changing its summer 2015 timetable to raise interest rates and instead raise rates if unemployment falls below 6.5 percent and inflation remains under 2.5 percent, the president of the Federal Reserve Bank of St. Louis said Monday.

This story is only available from the Arkansas Online archives. Stories can be purchased individually for $2.95. Click here to search for this story in the archives.

Business, Pages 23 on 12/04/2012

Print Headline: Fed official: Use thresholds to raise interest rates

ADVERTISEMENT

Sponsor Content

You must be signed in to post comments

Comments

  • Jackabbott
    December 4, 2012 at 9:11 a.m.

    The problem in the economy is not a monetary one, ti goes way beyond that. People like this guy have not even id the real issues. Using economic models that were created in the 18th and 19th century and using tools developed in the 70s and 80s to apply as "solutions" that do not work. If the answer was the low cost of capitol, frozen and declining wage rates, demise of the unions and low tax rates then we would see a huge expansion in this country but it is the opposite. If you cannot get companies to build and invest in the means of production with the cost of capitol almost zero then something basic is terribly wrong. . Low damand is not the cause either because we are being flooded with products from China. Japan and Mexico that people are buying in mass quantities.
    There are 3 fundamental things that could dhange the economic direction of the country. Apply the anti-trust laws to create a level playing field, spark competition and curtail and break-up the tired old monopolies. Secondly reform and amend the unfair trade laws that have traded our jobs to China and Mexico for short term corporate profits, inflated CEOs salaries, campaign contributions and illegals. Provide tax incentives to Comoanies that invest and build here and to consumers that buy USA products. This is only the start.
    Both parties, and all the Presidents beginning with Reagan and their high paid advisors are spouting off plans and designs and policies for a world that does not exiist anymore. Like the playful sex-loving generals they are planning for a war that already has been fought.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT