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Fed's Kashkari: We're not going to keep interest rates low to help the government run up debt
Government officials hoping that the Fed keeps interest rates low to help finance the ever-growing debt load might be out of luck. Minneapolis Fed President Neel Kashkari said Thursday that national debt concerns are not a factor the central bank weighs when deciding rate levels. "How the Treasury funds itself and how much they spend and what they spend on is not part of our deliberations," he said. "We're not going to keep interest rates low to make Treasury's job easy." While the government continues to spend, the Fed continues to raise rates. The Federal Open Market Committee, of which Kashkari is not a voting ... (full story)
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