Cleveland Fed chief Sandra Pianalto counters the opinions aired this week by dissenting Fed...

|By:, SA News Editor

Cleveland Fed chief Sandra Pianalto counters the opinions aired this week by dissenting Fed members, asserting a combination of weak GDP growth and low inflation justified keeping rates near zero until mid-2013. Pianalto expects just 2% GDP growth this year, followed by 3% growth in 2012 and 2013.