Fed official: Rates won’t move for months
A top official at the Federal Reserve said Thursday that the central bank will not raise interest rates until anywhere between two months and one year from now.
{mosads}”It looks like the markets have it right, somewhere in the middle of the year,” Stanley Fischer, the Fed vice chairman, said at an event in Washington, according to Bloomberg.
Fed officials said last month that they expected to keep interest rates at zero for a “considerable time.”
Authorities are ending the economic stimulus program known as “quantitative easing.” They have kept interest rates at zero in order to spur growth.
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