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Fed Rate Action Commentary From Swiss Re Chief US Economist.

Publication: PR Newswire
Publication Date: 02-FEB-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK, Feb. 2 /PRNewswire/ -- After today's 25 basis point (bp) Federal Reserve increase in the target fed funds rate to 2.5 percent, Swiss Re chief economist Kurt Karl commented, "Slow and steady wins the race. We still believe that the Fed's most likely course of action is consecutive 25 bp increases at the next six FOMC meetings. This will boost the...

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