Economy - Friday (Investor's Business Daily)

[riky]

Economy - Friday
    (Investor's Business Daily)

 

Investor's Business Daily - The federal funds rate is low enough to boost economic growth as the lagged impact of earlier interest rate cuts kicks in, Philadelphia Fed President Charles Plosser said. He warned against seeing rate cuts as "the solution to most, if not all, economic ills." He noted that the real fed funds rate is negative for the first time since '03-04. He said it's important to defend the currency.


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