Fed's Santomero says rates can't stay low forever

Philadelphia Fed President Anthony Santomero said on Friday 14 November that although interest rates cannot stay at their current low rates in the indefinitely, there is no pressure for a rise in the near future. Santomero, who is currently not a voting member of the FOMC, also said the recent data showed the US labour market may have finally turned the corner.

Source: Reuters

Federal Reserve Bank of Philadelphia President Anthony Santomero on Friday said the current level of U.S. interest rate