Fed expected to leave interest rates "exceptionally" low

08/12/2009 | Bloomberg

The Federal Reserve is expected to keep interest rates low in spite of its expectation of faster economic growth. The Fed's Open Markets Committee is meeting this week in Washington. "It's a delicate period for the Fed," said Marvin Goodfriend, a former research director at the Richmond, Va., Fed and now a professor at the Carnegie Mellon Tepper School of Business. "The Fed needs to balance the signals it's sending in this meeting between concern for inflation risk" and "premature confidence that the recovery has begun."

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