Sherman to Yellen: Delay Interest Rates To Spring 2016

California Rep. Brad Sherman tells Federal Reserve Chair Janet Yellen that God's plan is not for things to rise in the autumn. Cautions that acting too late to jeopardize construction, acting too soon would leave little room for maneuvering by the Federal Reserve. Yellen says her agency envisions a gradual raise in rates rather than a steep one that might damage the housing market.
California Rep. Brad Sherman tells Federal Reserve Chair Janet Yellen that God's plan is not for things to rise in the autumn. Cautions that acting too late to jeopardize construction, acting too soon would leave little room for maneuvering by the Federal Reserve. Yellen says her agency envisions a gradual raise in rates rather than a steep one that might damage the housing market.
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Restrictions:
May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing, or cast discredit on or dishonor any member of the U.S. House of Representatives or U.S. Senate, or bring the House or Senate or any Member into disrepute.Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute.
Credit:
FedNet / Getty Images
Editorial #:
495969272
Collection:
FedNet
Date created:
November 04, 2015
Upload date:
License type:
Rights-ready
Release info:
Not released. More information
Clip length:
00:04:36:20
Location:
Washington, DC, United States
Mastered to:
QuickTime 8-bit H.264 HD 1280x720 29.97p
Source:
FedNet
Object name:
hfi110415h.mov