Bloomberg: Stern Says Fed Rate Rise `Can’t Wait’ for Markets to Stabilize
July 18, 2008 at 15:47 PM EDT
A minority view but a growing one. They are thinking the low rates are destabilizing the housing and financial markets via the weak USD channel. Stern Says Fed Rate Rise `Can’t Wait’ for Markets to Stabilize by Vivien Lou Chen (Bloomberg) Federal Reserve Bank of Minneapolis President Gary Stern said the central bank shouldn’t wait for financial and housing [...]