Moskow: No reason to change accommodative stance

Michael Moskow, the Chicago Fed president, said on Monday US jobs growth was encouraging and it was important to continue the relaxed monetary stance the FOMC currently holds, to provide some "insurance" against an unwelcome bout of disinflation.

Source: Reuters

Chicago Federal Reserve President Michael Moskow on Monday said he saw no reason for the Fed to change its commitment to keep interest rates low for a considerable period.

"We have said in our statement that monetary policy can be accom