Fed Chair Powell and the New Rules of Monetary Policy
Mercatus Policy Download
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What Happened at the Fed's Last Press Conference?
The Fed hiked rates, which was broadly expected. But what they also did was pulled forward one of their rate hikes and their economic projections into 2018. And then at the same time lowered their unemployment rate forecast for this year in the next year as well. It was a couple of moving pieces that Jay Powell had to explain.
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