|
|
Article: Splits in delicate Fed dance; Debate emerges over when to raise rates; Not yet, but inflation-worried policymakers want hike sooner rather than later.(Business)
- Article from:
- The Seattle Times (Seattle, WA)
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 The Seattle Times. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Jeannine Aversa; The Associated Press
WASHINGTON -- The Federal Reserve is widely expected to leave interest rates at a record low this week to nurture the fragile recovery. But fissures are growing among policymakers about when to start boosting rates to head off inflation.
A shift to higher borrowing costs is probably months away, but Fed Chairman Ben Bernanke and his colleagues likely will debate privately how best to signal a change in stance to investors, businesses and ordinary Americans when they open a two-day meeting today.
At its last meeting, in September, the Fed opted to stretch out into early next year a key program aimed ...