It appears that, the worse the economy was doing, the higher the odds of a rate hike. Putting the Federal Reserve’s third rate hike in 11 years into context, if the Atlanta Fed’s forecast is accurate, 0.9% GDP would mark the weakest quarter since 1980 in which rates were raised (according to Bloomberg data)…
Stronger Economic Growth? Over My Dead Body, Says Janet Yellen…
The U.S. economy is weak. Very weak. But the Federal Reserve is planning to raise interest rates anyway. Why? Here’s what’s going on: According to the Atlanta Fed the US economy is expected to grow at a respectable 2.8 percent for the first quarter of 2017 That’s not bad considering that, for the entire year […]
Former Federal Reserve Staffer Says Economists at Central Bank Don’t Know How Economy Works…
A former staffer at the Federal Reserve Bank of Dallas has criticized the central bank, saying economists employed there don’t know how finance and the economy works, the Wall Street Journal reported. Danielle DiMartino Booth was hired as an adviser to Richard Fisher, a former president of the Dallas Fed who also criticized quantitative easing—the […]