'A Few' Federal Reserve Members Say Appropriate to Raise Interest Rates
UBS says the Fed may hold off on raising rates until 2015 following the release of the latest FOMC minutes.
A few Federal Reserve participants say it may be appropriate to raise interest rates as unemployment falls. UBS Securities Chief U.S. Economist Maury Harris tells TheStreet's Joe Deaux that despite the revelation from the latest policy-making minutes, it's more likely that the Fed won't raise interest rates until 2015. Harris also tells TheStreet what he thinks about the debate to use the unemployment rate as an indicator for overall market conditions, and what the minutes mean for equities.
