Economics Expert: Rates to Remain Low Until At Least 2016

The Federal Reserve will not raise the interest rate until 2016 or beyond, economics expert Bert Dohmen predicted Thursday on Newsmax TV's “America’s Forum,” where he discussed interest rates and the end of the bond buyback program intended to stimulate the economy.

“The economy is not doing as well as what Wall Street tells you,” Dohmen said. “If you look at the real economic numbers, not the ones coming out of Washington, our Washington economics statistics are getting very similar to those coming out of China. They are not reflecting what is truly happening in the economy. If the economy is not doing well, the Federal Reserve will not take the risk of raising interest rates and thus causing a recession.”

Watch the video here.

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