# Prof. William Silber on the Federal Reserve's decision to hold its target interest rate near zero

1 Faculty News March 20, 2013 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg TV](http://www.bloomberg.com/video/rupkey-silber-on-federal-reserve-monetary-policy-ISFXgAmaRhKFNWglMz_vxQ.html) -- "I thought after last month's release where a number of people, including Fed Governor Jeremy Stein, said that people were reaching for yield and this was a potentially dangerous activity that there would be some further push or some further assent for a tightening so I agree that it's not unexpected but disappointing."

[Watch the video](http://www.bloomberg.com/video/rupkey-silber-on-federal-reserve-monetary-policy-ISFXgAmaRhKFNWglMz_vxQ.html)