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Are low interest rates doing more harm than good? MSNBC's Closing Bell By:W. Lee Hoskins, Ph.D 6.23.2011
Federal Reserve Chairman Ben Bernanke announce that the Federal Reserve's latest policy decision would be to keep interest rates as they are for an extended period of time. PRI's Lee Hoskins, Robert Heller, SDR Capital Market and William Ford, Middle Tennessee State University answer questions regarding the announcement and whether low interest rates are doing more harm than good for the economy and whether QE2 was a mistake. According to Dr. Hoskins, "The Federal Reserve should shift to a program of normalizing interest rates. The Federal Reserve doesn't control employment and it doesn't control GDP. So they should stick to the one thing they can control which is inflation."
