February 13, 2015
As the source of monetary policy, the Federal Reserve has to decide if interest rates should rise when inflation is low but a jobs recovery has begun.
As the source of monetary policy, the Federal Reserve has to decide if interest rates should rise when inflation is low but a jobs recovery has begun.
The monetary policy dilemma is when to take the punchbowl away after the party gets going. In other words, have jobs recovered enough to raise rates?