The Fed Should Raise Rates This Year Regardless of Data Dependency
Monetary policies are usually described as being expansionary or contractionary. The former aims to speed up an economic growth, while the latter attempts to slow it. The thought behind an expansionary policy is that it would increase employment levels in an economy by lowering interest rates in the hope that easy credit will encourage businesses into expanding. This is done by increasing the money supply available in the economy. Central Bankers have an incentive for Inflationary montetary policies. It does...
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