Nobel Laureate Says Fed Shouldn't Raise Interest Rates Next Week

By
Olga Tanas
and
Paul Abelsky
  • Maskin says inflation too weak to warrant tighter policy
  • Higher rates would exacerbate inequality in U.S., he says

Blanchard: 'This Is the Time' for Fed Rate Increase

Janet Yellen’s U.S. Federal Reserve shouldn’t raise interest rates next week, because doing so could jeopardize economic growth and worsen inequality, said Nobel laureate Eric Maskin.

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