Former Fed governor Frederic Mishkin says the central bank is unlikely to raise rates...

|By:, SA News Editor

Former Fed governor Frederic Mishkin says the central bank is unlikely to raise rates significantly for years: While we've dodged a bullet, "we're going to have a tremendous amount of slack in the economy for quite a number of years," he says. "If there's still a lot of slack there's no reason to raise rates. In fact, it would be a big mistake."