Bernanke should pause on rate rises
No further rate hikes are needed, says S&P chief economist, David Wyss.
Incoming data continue to suggest that the economy is slowing, but inflation remains a threat. The evidence this month generally supports a pause at the June 2829 meeting of the Federal Open Market Committee FOMC, but a renewal of tightening is possible if either the economy reaccelerates or inflation rises more rapidly than we expect. Chairman Bernanke's speech before the International Monetary Conference on June 5 stressed the need to control inflationary expectations but also pointed out the...
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