Ferguson on globalization, insurers, & regulators

In the speech 'Globalization, Insurers, and Regulators: Shared Challenges Call for Collaborative Solutions' given on 23 February Roger Ferguson of the Federal Reserve said he did not expect long-term interest rates to rise suddenly, although it was hard to know what the chances of a quick rise might be.

"It's hard to know exactly what the risks are," Ferguson told reporters after speaking to an insurance group. But he added, "I don't expect them to go up very suddenly."

Ferguson noted that he had

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