: the Fed raising rates issue is controversial. According to the head of the Federal Reserve Bank, Thomas Hoenig, Federal Reserve should raise rates as soon as possible without fear that these measures will hurt US economy recovery. ”Even if we had started immediately, it took a lot of time to say whether such rate rising is either harsh or neutral policy. I would not have supported the tight monetary policy in the current circumstances. But as my experience shows, we need to end a gentle policy sooner rather than later “, underlined Hoenig. ”We all know that the neutral rate level - it is not zero. For me it is abundantly clear that the level of 1% -2% is not a manifestation of a rigid policy, but of a mild one, “- he said.
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