WASHINGTON (AP) — Economists appear to be of two minds about the Federal Reserve.
They agree with the Fed that the job market still isn't healthy. Yet the latest Associated Press survey of economists finds that most fear the Fed will wait too long to raise interest rates and thereby risk stoking inflation or creating asset bubbles.
The duality of their views underscores the perils of the Fed's policymaking. Most economists accept that there's still "significant" slack in the job market. By that, they mean that millions of people — the unemployed as well as part-time workers and people who've stopped looking for work and aren't counted as unemployed — would likely take jobs or work more hours if they could.
Still, they're concerned that Janet Yellen's Fed won't raise rates soon enough.
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