It was a foregone conclusion that the Fed would raise rates by a quarter point this week. No surprise there. What was a surprise being the sudden hawkish tone? Are they trying to tamp down enthusiasm after Donald Trump’s election? Many questions and brows are to be raised with this circumstance.
Key Takeaways:
- Helpfully, she went on to add it wasn’t clear that a tax cut would improve either the economy or productivity at all.
- Monetary policy, which has included zero-percent interest rates and radical monetary experimentation in the form of quantitative easing, has failed to do its job.
- We don’t know why it would suddenly go full hawk after 8 years of Barack Obama, but the timing for this shift is highly suspicious.
“Monetary policy, which has included zero-percent interest rates and radical monetary experimentation in the form of quantitative easing, has failed to do its job.”
http://www.investors.com/politics/editorials/a-fed-shot-across-trumps-bow/
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