FARM BUSINESS NEWS
Rates Too Low Too Long
Elizabeth Williams DTN Special Correspondent
Thu Jul 17, 2014 04:01 PM CDT

KANSAS CITY, Mo. (DTN) -- It seems almost sacrilegious to support higher interest rates in a capital-intensive industry such as agriculture. But attendees at the Kansas City Federal Reserve Bank's Agricultural symposium this week agreed with bank president Esther George's statement that "getting interest rates off zero relatively soon is appropriate in terms of current economic conditions." George noted as Federal Reserve asset purchases come to an end, "It will be important to lay the groundwork for a more-normal rate environment."

"Zero interest rates are appropriate in a crisis. The crisis is over," said Max Wake, president of Jones National ...

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