McTeer says FOMC 'frozen in place'

The Federal Reserve will hold interest rates steady amid "unusual" simultaneous signals of both higher inflation and slower growth in coming months, said Robert McTeer, former president of the Federal Reserve Bank of Dallas, in an interview published Wednesday 21 March.

"There are people calling for ease and people calling for tightening, and both sides can make a reasonably good case. So I think that's going to freeze them in place," McTeer said in an interview with MarketWatch on Tuesday

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