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...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: economic | forecast | us

Print Edition

FinanceAsia Print Edition