Business

Fed official: Low interest rates are here for some time

Pat McMahon Contributor

The US economy is unlikely to go into a double-dip recession, but the recovery will be anemic, Dallas Federal Reserve President Richard Fisher told CNBC Wednesday.

“It is sort of a post-traumatic shock syndrome” that the economy goes through and it will take a long time to cure, Fisher said.

“I expect we’ll have low interest rates for some time,” he added.

Full story: Interest Rates – Low Rates Here for Some Time: Fed’s Fisher – CNBC