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

- Central Banking staff
- 14 Nov 2003

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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 rates

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