A clothing stores advertises zero percent interest payments in Spanish in the border town of Calexico, near El Centro, California. (Photo by David McNew/Getty Images)
The time has come for the Federal Reserve to raise interest rates, a top U.S. central banker said, citing improvements in the labor market."I don't want us to be behind the curve in beginning to normalize interest rates," Kansas City Federal Reserve Bank President Esther George told CNBC. "When you see the economy getting as close as we are to full employment, to stable inflation, it would suggest to me that the time has come to do that." [Full Story]
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