Fed should raise rates to 1 percent: Hoenig
Shared by Henry
This comment for the bullish member of the FOMC should add to the speculation of a sooner than later policy change for the Federal Reserve. Definitely a pro USD announcement.
BARTLESVILLE, Oklahoma (Reuters) – A top Federal Reserve Official said on Thursday the central bank should raise rates to 1 percent by the end of the summer to avoid having to raise borrowing costs abruptly as the economic recovery gains momentum.