The Fed lifted its target interest rate for the first time in nearly a decade, which was hardly a surprise. What happens next may still stump us.
- Associate Professor of Economics, Lehigh University
The Fed’s policy-setting committee decided to keep its benchmark interest rate unchanged. Here’s why that’s the wrong call.
Janet Yellen and her Fed colleagues know that wage growth and inflation are still too low to support an increase in interest rates in June.
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