Bill Clinton: “Well, first of all, if it happens, it will be because we have growth. I mean, now let's get the fundamental facts out…”

“Well, first of all, if it happens, it will be because we have growth. I mean, now let's get the fundamental facts out here. We have more jobs, lower inflation, and a lower deficit and expectations for high growth this year, good growth. And so--I make it a practice generally not to comment on what the Fed does. There is clearly some room for short-term interest rates over the rate of inflation that won't slow down our economic growth. And I have every confidence that we're still going to have another good year this year and that we will be able to offset any modest increase in interest rates with increased growth. And so far--I talked to Mr. Panetta yesterday-- we're well within our projections on deficit reduction. Norway”