Fed officials tell activists rate hikes won't derail economy

[CityFarmer]

A precursor to coming rate hikes, albeit gradual ones...?

Fed officials tell activists rate hikes won't derail economy

JACKSON HOLE, Wyo. - An unusually large group of Federal Reserve policymakers appeared before activists on Thursday and defended their plans to raise interest rates to keep the U.S. economy from overheating.

Several policymakers said raising interest rates gradually would allow them to stimulate the economy for longer, but that an overheating economy could end in steep rate increases and a recession
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http://www.todayonline.com/business/fed-...ke-economy