1. 3 Reasons Why the Fed Wants to Keep Raising Interest Rates
- Author:
- Martin S. Feldstein
- Publication Date:
- 02-2019
- Content Type:
- Commentary and Analysis
- Institution:
- Belfer Center for Science and International Affairs, Harvard University
- Abstract:
- Earlier this month, the Federal Reserve’s policy-setting Federal Open Market Committee voted unanimously to increase the short-term interest rate by a quarter of a percentage point, taking it from 2.25% to 2.5%. This was the fourth increase in 12 months, a sequence that had been projected a year ago, and the FOMC members also indicated that there would be two more quarter-point increases in 2019. The announcement soon met with widespread disapproval.
- Topic:
- International Affairs and Financial Markets
- Political Geography:
- Global Focus