The Federal Reserve Raising Interest Rates is Unwelcome and Unnecessary

December 16, 2016 Colleen O'Neill

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 and an even stronger dollar.

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