Fed's McTeer sees long spell of low U.S. rates

Dallas Fed President Robert McTeer said Wednesday that there is enough slack in the US economy "for interest rates to be on the historically low side for the foreseeable future". Earlier, McTeer told reporters he saw the U.S. economy moving ahead at a solid clip.

Source: Reuters

A high level of joblessness and excess industrial capacity in the United States means interest rates can be kept low for a long time without inflation worries, even though economic growth has picked up sharply, a top Fe