Fed Raising Interest Rates is Unwelcome and Unnecessary
By Thomas Palley Cross-posted from the AFL-CIO economy blog. Wednesday’s decision by the Federal Reserve to raise interest rates is unwelcome and unnecessary. As admitted in its statement, investment remains soft, growth is only moderate and inflation expectations are little changed. Moreover, the economy confronts financial headwinds from the recent jump in long-term interest rates … More Fed Raising Interest Rates is Unwelcome and Unnecessary