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...

To continue reading, please login or register for free

Click for more on: economic | forecast | us

Print Edition

FinanceAsia Print Edition