Fed could pause on weak data says McTeer

- Central Banking staff
- 08 Oct 2004

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Dallas Fed President Robert McTeer said on Thursday 7 October that the Federal Reserve's decisions to raise short-term interest rates will depend on incoming economic data for the US.

"Certainly, there could be a number so bad that we would pause," McTeer, who is not a voting member of the Federal Open Market Committee under this year's rotation, said at an event hosted by Market News International.

However, he said during later audience questioning that it is also possible the Fed could speed up

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