In December 2015, the Federal Reserve increased its policy interest rate target. This was the first increase
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In December 2015, the Federal Reserve increased its policy interest rate target. This was the first increase since cutting the target to close to zero in December 2008 to combat the economy weakness associated with the financial crisis. If central banks use interest rates to moderate business cycle swings in the economy, what might you infer from this decision about the Fed’s view of the economy?
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Money Banking and Financial Markets
ISBN: 978-1259746741
5th edition
Authors: Stephen Cecchetti, Kermit Schoenholtz
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