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Fed should have raised rates in March: Morgan Stanley's Gorman

October 08, 2015 at 06:21 pm EDT

NEW YORK (Reuters) - The Federal Reserve should have raised rates in March, said Morgan Stanley Chief Executive James Gorman.

"The Fed has kept rates too low too long," Gorman said at an event at the New York University Stern School of Business.

In January, Gorman told Bloomberg Television that he would "put good money" on the Fed raising rates in 2015.

(Reporting by Olivia Oran in New York; Writing by Dan Wilchins)

By Olivia Oran

James Go

Mr. James L. Go is a Member of Investment Committee at JG Digital Equity Ventures, Inc., a Chairman at Cebu Air, Inc., a Chairman at JG Summit Holdings, Inc., a Chairman & Chief Executive Officer at Oriental Petroleum & Minerals Corp., a Chairman & Chief Executive Officer at CFC Corp., a Chairman & Chief Executive Officer at Litton Mills, Inc., a Chairman & Chief Executive Officer at Manila Midtown Hotels & Land Corp., a Chairman & Chief Executive Officer at Southern Negros Development Corp., a Chairman & Chief Executive Officer at Universal Robina Sugar Milling Corp. and a President & Trustee at Gokongwei Brothers Foundation, Inc. He is on the Board of Directors at Manila Electric Co., PLDT, Inc., Robinsons Retail Holdings, Inc., Universal Robina Corp., JG Summit Olefins Corp., JG Summit Petrochemical Corp., Robinsons Land Corp., Angeles Supercenter, Inc., Bauang Private Power Corp., Eurogrocer Corp., First Private Power Corp., Global Business Power Corp., Handyman Express Mart, Inc., Jas 8 Retailing Management Corp., Panay Electric Co., RHD Daiso-Saizen, Inc., Robinson Ventures Corp., Robinsons Appliances Corp., Robinsons Daiso Diversified Corp., Robinsons Toys, Inc., South Star Drug, Inc., Waltermart-Handyman, Inc., Bio-Resource Power Generation Corp., Hotel Marina City Pte Ltd., JG Summit Capital Markets Corp., Marina Centre Holdings Pte Ltd., Robinsons Specialty Stores, Inc. and Gokongwei Brothers Foundation, Inc. Mr. Go was previously employed as a Non-Executive Director by Singapore Land Ltd., a Non-Independent Non-Executive Director by United Industrial Corp. Ltd., a Vice Chairman, President & Chief Executive Officer by Digital Telecommunications Philippines, Inc., a Vice Chairman, President & Chief Executive Officer by Digitel Mobile Philippines, Inc He received his undergraduate degree from Massachusetts Institute of Technology and a graduate degree from Massachusetts Institute of Technology.

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