Full Article: State Of The Economy
By: Gary Wagner
In his first testimony to the Congress, Jerome Powell, the newly appointed chairman of the Federal Reserve, said that the economy was in fact normalizing. As such, he made it clear that in next month’s FOMC meeting each member will reevaluate the current monetary policy as it reflects upon the number of interest rate hikes this year.
In other words, now that our economy is becoming more robust, so should our monetary policy. That means that there will be a slow return to standard interest rates which are above the current accommodative rates which were implemented in 2009 as a result of quantitative easing.
Full Article: State Of The Economy
By: Gary Wagner
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