Fed Nominee Backs Rate Cuts

WASHINGTON -- Federal Reserve Board nominee Susan Phillips said slow growth in the M2 money supply aggregate is "quite disturbing" and the Fed's recent interest rate cuts were appropriate to increase money and credit growth.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.