Commentary: Fed needs to address rise in long-term rates

06/22/2009 | Wall Street Journal, The

Writing in a Wall Street Journal commentary, Frederic S. Mishkin says the Federal Reserve faces some tough choices when its Open Market Committee meets this week. Long-term interest rates are on the rise, which could stifle the economic recovery. "Does the situation call for the Fed to expand its purchases of Treasury bonds to lower long-term interest rates?" Mr. Mishkin asks.

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