Analysis: As U.S. economy picks up, rate increase seems likely

12/21/2009 | Wall Street Journal, The

Economic reports will clarify the recovery's strength, but Scott Patterson writes that it is becoming clear that the U.S. has emerged from its downturn. Patterson argues that the question is turning to when the Federal Reserve will decide the recovery is strong enough for interest rates to rise. The Fed might make a move sooner than many expect. "They're going to have to get aggressive," said Northern Trust economist Paul Kasriel. "And they know that."

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