Why worry? Less aid by Fed would point to recovery

Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the US economy sooner than many expected.

Yet almost lost in the anxiety that gripped the stock market this week is that whenever the Fed slows its drive to keep interest rates low, it will be cause for celebration: It would mean policymakers think the economy is strong enough to accelerate with less help from the Fed.

“We should be wishing for higher interest rates,” says Kevin Logan, HSBC’s chief US economist. “It would be a sign of a more healthy economy.”

via Business feed http://www.scmp.com/business/economy/article/1244896/why-worry-less-aid-fed-would-point-recovery