Premature to rule out an interest rate increase this year Federal Reserve Bank of New York President
Question:
Premature to rule out an interest rate increase this year Federal Reserve Bank of New York President William Dudley says that in the current state of the economy, it would be worse for the Fed to raise rates too soon than moving slightly too late and adjusting by raising rates more quickly.
What are some of the problems that could arise if the Fed raises interest rates too soon or too late?
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If the Fed raises the interest rate too soon it can nip stronger eco...View the full answer
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Anurag Agrawal
I am a highly enthusiastic person who likes to explain concepts in simplified language. Be it in my job role as a manager of 4 people or when I used to take classes for specially able kids at our university. I did this continuously for 3 years and my god, that was so fulfilling. Sometimes I've skipped my own classes just to teach these kids and help them get their fair share of opportunities, which they would have missed out on. This was the key driver for me during that time. But since I've joined my job I wasn't able to make time for my passion of teaching due to hectic schedules. But now I've made a commitment to teach for at least an hour a day.
I am highly proficient in school level math and science and reasonably good for college level. In addition to this I am especially interested in courses related to finance and economics. In quest to learn I recently gave the CFA level 1 in Dec 19, hopefully I'll clear it. Finger's crossed :)
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