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 JACKSON, Wyo. (AP) - After two-plus years, is the pain from the long march of higher interest rates over for good? Borrowers finally got a reprieve this month when the Federal Reserve decided to halt a campaign that produced the longest stretch of rate increases in recent history.
Where the Fed is headed next, at its next meeting Sept. 20 and later, generated chatter on the sidelines of economic conference that focused on globalization. Outside the meeting, talk turned to how the Fed chairman, Ben Bernanke, and his colleagues at the central will steer the course of interest rate policy.
The goal is to lift rates enough to subdue inflation, but not so much that the strategy would cripple the economy.
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