Fed can keep rates low as growth quickens - McTeer

In a speech to the Dallas Rotary Club, Dallas Fed President Bob McTeer expressed optimism the economy would soon revive, even as he admitted a lack of "hard evidence" of a pickup.

Source: Reuters

The Federal Reserve can keep interest rates low even if the U.S. economy strengthens appreciably without worrying any time soon that inflation will become troublesome, a top Fed official said on Wednesday.

"I don't think there is going to be any great pressure to tighten when we start first seeing good