Why Interest Rates Need to Stay Low - NYTimes.com:
"A sharp debate within the Federal Reserve over when to raise interest rates was publicly aired last week at the annual central bankers’ conference in Jackson Hole, Wyo. On one side is a small yet vocal minority of Fed officials who want to head off inflation by raising rates sooner rather than later. On the other is a majority that thinks a near-term rate hike would stifle growth and, with it, any chance of restoring health to the labor market. That group includes Janet Yellen, the Fed’s chairwoman, and most members of the Fed’s policy committee."
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