{"id":19502,"date":"2015-11-02T14:18:39","date_gmt":"2015-11-02T20:18:39","guid":{"rendered":"http:\/\/news.medill.northwestern.edu\/chicago\/?p=19502"},"modified":"2015-11-02T14:18:39","modified_gmt":"2015-11-02T20:18:39","slug":"video-fed-to-keep-interest-rates-near-zero","status":"publish","type":"post","link":"https:\/\/news.medill.northwestern.edu\/chicago\/video-fed-to-keep-interest-rates-near-zero\/","title":{"rendered":"VIDEO: Fed to keep interest rates near zero"},"content":{"rendered":"<p>By Kristen Vake<\/p>\n<p>The Federal Reserve had good news for borrowers Wednesday. It decided to keep its key interest rate near zero where it\u2019s been since the 2009 financial crisis.<\/p>\n<p><iframe title=\"Fed to keep interest rates near zero\" src=\"https:\/\/player.vimeo.com\/video\/144398053?dnt=1&amp;app_id=122963\" width=\"800\" height=\"450\" frameborder=\"0\" allow=\"autoplay; fullscreen\" allowfullscreen><\/iframe><\/p>\n<p><!--more--><\/p>\n<p>\u201cThere has been a debate about the Federal Reserve postponing any action on the rates front until next year and the statement today makes it very clear that December is in play,\u201d according to Mesirow Financial Chief International Economist Adolfo Laurenti.<\/p>\n<p>For the past two years the Fed has wanted to raise interest rates as the economy has improved. They held off this time because of sputtering economies overseas and inflation that is below its target.<\/p>\n<p>\u201cWe have spent weeks and months completely consumed by this debate, is the Fed hiking rates or not and this has actually created additional uncertainty which is really counterintuitive, this is not what the Federal Reserve would like to do,\u201d Laurenti said.<\/p>\n<p>Fed policy-makers have been walking a tightrope. If rates are raised too soon, it could weaken the economy by making credit less available. But if the fed waits too long to raise rates, cheap money could fuel inflation.<\/p>\n<p>\u201cMy overall stance is that the Fed should have acted sooner but there were good reason not to do that,\u201d Laurenti said.<\/p>\n<p>The next fed meeting is in mid-December. Economists expect the stars to finally align for a rate hike.<\/p>\n<div id=\"featurecaption\">Photo at top: Fed policy-makers voted to keep interest rates near zero<br \/>\nWednesday (Kristen Vake\/Medill)<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Kristen Vake The Federal Reserve had good news for borrowers Wednesday. It decided to keep its key interest rate near zero where it\u2019s been since the 2009 financial crisis.<\/p>\n","protected":false},"author":153,"featured_media":19505,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[509],"tags":[192],"class_list":["post-19502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fall-2015","tag-promo"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>VIDEO: Fed to keep interest rates near zero - Medill Reports Chicago<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.medill.northwestern.edu\/chicago\/video-fed-to-keep-interest-rates-near-zero\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"VIDEO: Fed to keep interest rates near zero - Medill Reports Chicago\" \/>\n<meta property=\"og:description\" content=\"By Kristen Vake The Federal Reserve had good news for borrowers Wednesday. It decided to keep its key interest rate near zero where it\u2019s been since the 2009 financial crisis.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.medill.northwestern.edu\/chicago\/video-fed-to-keep-interest-rates-near-zero\/\" \/>\n<meta property=\"og:site_name\" content=\"Medill Reports Chicago\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-02T20:18:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.medill.northwestern.edu\/chicago\/wp-content\/uploads\/sites\/3\/2015\/11\/Chicago-Fed.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1100\" \/>\n\t<meta property=\"og:image:height\" content=\"701\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kristen Vake\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kristen Vake\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.medill.northwestern.edu\/chicago\/video-fed-to-keep-interest-rates-near-zero\/\",\"url\":\"https:\/\/news.medill.northwestern.edu\/chicago\/video-fed-to-keep-interest-rates-near-zero\/\",\"name\":\"VIDEO: Fed to keep interest rates near zero - 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