Fed Governor Raskin Sticks with Low Rates for Considerable Time

Governor Raskin signaled that the Great Recession hit the lower-income and moderate income Americans the hardest. One point of interest is that Raskin said that the Fed’s interest rate policy has little impact on the types of jobs created. That is even though she said that there is evidence that Federal Reserve policies are working to boost the economy and to help create jobs.

On the rate front, Raskin confirmed that interest rates will be kept low for “a considerable time.” That may be all you need to know. Still, is it a success if everyone has a job but that job is at minimum wage?

Here is Raskin’s full speech.