Fed's McTeer says no need to raise rates soon

Dallas Fed President Robert McTeer told a luncheon meeting on Wednesday 24 September that he was optimistic that growth would soon outstrip the rapid pace of productivity gains and lead to new hiring. But he acknowledged that the failure of the economy to create jobs posed a risk to the recovery.

Source: Reuters

Dallas Federal Reserve Bank President Robert McTeer said on Wednesday the Fed would not need to raise interest rates any time soon because of slack in the jobs market.

"There is no need

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