March 17, 2016
NOW THAT SHE HAS HIKED RATES...
Fed Slows Down on Plans to Pursue Interest Rate Increases (Binyamin Appelbaum, March 16, 2016, NY Times)The Federal Reserve has once again pared its plans for raising interest rates, citing the weakness of the global economy as a reason for greater caution about the prospects for domestic growth.
...into the face of deflation, she has proven her bona fides. Why keep going?The Fed's policy-making committee voted not to raise its benchmark rate at a meeting that ended on Wednesday, although general expectations at the beginning of the year were for an increase this month. And it pulled back sharply from a December prediction that the rate would rise by one percentage point this year. Fed officials now expect to raise rates by just half a percentage point this year.
Posted by Stephen Judd at March 17, 2016 8:54 AM