Chicago Federal Reserve President Michael Moskow said on Thursday the central bank plans to keep interest rates low for a considerable period of time.
He declined to speculate on precisely how long that period would be, but said the Fed would monitor all economic developments.
"It depends on the future of the U.S. economy, the growth of the economy, performance in the job market. All of the dozens and dozens of economic indicators that we look at, we will monitor to determine what the length of that considerable period of time is," said Moskow at a panel discussion at a conference in Austria's capital.
Moskow this year is a voting member of the Fed's policy setting Federal Open Market Committee.
The Fed's benchmark federal funds rate is at one percent, the lowest level since 1958 and has said in its statement that it would keep rates low for some time ahead.
He declined to speculate on precisely how long that period would be, but said the Fed would monitor all economic developments.
"It depends on the future of the U.S. economy, the growth of the economy, performance in the job market. All of the dozens and dozens of economic indicators that we look at, we will monitor to determine what the length of that considerable period of time is," said Moskow at a panel discussion at a conference in Austria's capital.
Moskow this year is a voting member of the Fed's policy setting Federal Open Market Committee.
The Fed's benchmark federal funds rate is at one percent, the lowest level since 1958 and has said in its statement that it would keep rates low for some time ahead.
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