Rates could rise, still accommodative says MC Teer

Federal Reserve Bank of Dallas President Robert McTeer said in a television interview Tuesday the US central bank could raise interest rates and still stimulate the economy.

Referring to the current 1% fed funds rate, McTeer told CNNfn that that level "could be a bit higher, and policy would still be very accommodative."

In other comments, the nonvoting member of the interest rate setting Federal Open Market Committee told the network that the when the central bankers attend meetings of the FOM