The Fed must resist pressure to keep rates too low as the economy recovers, KC Fed's Hoenig said...

|By:, SA News Editor

The Fed must resist pressure to keep rates too low as the economy recovers, KC Fed's Hoenig said in a speech titled Leverage and Debt: The Impact of Today's Choices on Tomorrow released today. "We are carrying more debt than we have carried in most of our history, and the pressure to keep rates low is only going to increase as the economy begins to recover," he said.