'Goose the US economy' says McTeer

The latest Federal Reserve official to publicly voice his support for the FOMC's recent interest rate reduction is Bob McTeer, president of the Dallas Fed. McTeer showed himself to be in favour of a rate cut back in September, voting against the FOMC majority for a cut.

U.S. interest rates are at the right level, given the tentative pace of the economic recovery so far, Dallas Federal Reserve President Robert McTeer said on Sunday.

"I do think our recovery is sort of anemic. It needs to be goos