The Federal Reserve is slated to hold its next policy meeting on Tuesday and Wednesday, Dec. 15 and 16, and Chairwoman, Janet Yellen has already indicated her desire to raise the short-term interest rates. Senator Chuck Grassley says he supports this move.
He said the balance sheet has to be reduced, and one good way to do that is to increase interest rates. The Federal Reserve has indicated the raise would be up from the near zero point towards a targeted goal of two percent. The Labor Department report delivered Friday on November job growth will be a key determining factor in making the decision to raise rates.
