# Professor Nicholas Economides on the Federal Reserve's reluctance to raise interest rates

1 Faculty News June 17, 2015 ![CCTV logo](/sites/default/files/styles/246w/public/assets/images/con_042799.jpg?itok=_MQ3VVcM)>

Excerpt from [CCTV](http://www.cctv-america.com/2015/06/17/us-federal-reserve-expected-to-raise-rates-this-year) -- "This is not a policy without dangers, because very cheap money creates speculation in commodities and other markets. ... Given what they say is their target inflation rate, they should try to catch up with it as soon as possible."

[Watch the video](http://www.cctv-america.com/2015/06/17/us-federal-reserve-expected-to-raise-rates-this-year)