FED Begged Not To Raise Interest Rates

[planosteve]

My prediction has been that the FED will not raise interest rates. Now the Chief Economist for the World Bank is begging Grandma not to raise them.

"If I were advising the U.S. Fed, I would recommend that (higher rates) happen next year instead of late this year," due to the mixed economic picture, Basu said, adding that it was his own view rather than that of the World Bank as a whole.

"My own concern is that a relatively early move (in U.S. rates) could cause an exchange rate movement, strengthening of the dollar, which will not be good for the U.S. economy" and have negative repercussions for other countries, he said.

http://finance.yahoo.com/news/world-bank-sees-slower-global-200250639.html