Official Warns America Cant Wait For Hikes!

[Economy 52,844]

http://mobile.reuters.com/article/idUSKBN0GL13I20140821?irpc=932

One of the officials at the Fed (US Central Bank) says the US has reached a point where rates should be above 0%

6 months in a row now over 200,000 jobs were created, and more of then have been in higher paying industries than in the first years of the recovery

Now that the economy appears to be self-sustaining in growth and finally accelerating more and more, keeping rates at 0% may be dangerous

History has shown when Countries waited too long to raise rates once economy started improving, inflation began to be difficult to control, economy would start over-heating, and real estate and asset bubbles were common

The US should start raising rates gradually starting now instead of finding itself behind the curve when the economy really takes off and is forced to raise rates quickly like in 1994 which caused a shock in the financial and bond market!