CNBC The Kudlow Report November 20, 2013
And the funds rate is likely to remain at zero for a considerable time. He talks about the funds rate. He also said that the fed should not make sure that the labor market is sufficiently strong before the fed were to hike rates. And in addition, he says the funds rate can remain near zero well after the Unemployment Rate hits that 6. 5 threshold which he says is a threshold not a trigger for raising rates. If the data supports the forecast, the fed will moderate quantitative easing but the asset purchases are not on a preset course. He talks about transparency and he said this is one of the b...