Federal Reserve Chairman Ben S. Bernanke’s pledge to keep rates exceptionally low through late 2014 is a mistake with the U.S. economy gaining steam, said John Ryding, chief economist and co-founder of RDQ Economics.
The Federal Reserve may let inflation exceed 3 percent as it keeps the main interest rate low to boost growth, said John Ryding, a former Fed researcher who is chief economist at RDQ Economics LLC in New York.
Further easing of monetary policy by the Federal Reserve would hinder U.S. job growth because it would push prices higher and ultimately hurt demand, said John Ryding , chief economist at RDQ Economics LLC in New York.
The Federal Reserve-led global effort to ease borrowing costs for financial firms shows both the central bank’s power to jolt markets -- and the limits of its ability to alleviate the European debt crisis.
The U.S. economy may fail to grow or even shrink in the fourth quarter as auto production subsides following a surge in the previous three months, said David Rosenberg , chief economist at Gluskin Sheff & Associates Inc.