Reporter James Puzzanghera interviewed CFS President Lawrence Goodman for an article published in today’s Los Angeles Times.
In “Five things to watch for as the Federal Reserve makes its rate hike decision”, Mr. Puzzanghera discusses the potential outcomes of today’s decision by Central bank policymakers. At 11:00am Pacific Time (2:00pm Eastern Time), the Fed will announce if the time has come for an increase, nearly a decade after the last increase in the benchmark federal funds rate.
While some experts do not believe a rise in interest rates would be constructive, others argue removing the questions about when the Fed would raise the rate would do more for financial stability, particularly in the long-term, than holding steady. “It’s this deep uncertainty surrounding the conduct of monetary policy that is exacerbating swings in financial markets,” said Lawrence Goodman, a former Treasury official who is president of the Center for Financial Stability think tank.
To read the complete article please go to http://www.latimes.com/business/la-fi-federal-reserve-interest-rate-five-things-to-watch-20150917-story.html.