Week in Review: June 17, 2017

Posted by on June 16th 2017 in Uncategorized | Be the first to comment!

By Mises Institute By: Mises InstituteThe Federal Reserve this week raised the Federal Funds Rate a quarter point to 1.25 percent, bringing the rate to the highest it’s been in eight years. One might now say monetary policy has progressed from a policy of “ultra low” rates to simply a policy of low rates.How this will play out over time continues to depend quite a bit on how much the Fed shrinks its balance sheet and how soon a recession descends on the economy. Not surprisingly, then, many continue to discuss the best ways to reform the Federal Reserve. But, there’s definitely a …read more

Source:: Mises Daily

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