A Failure to Act: Fed Policy and Interest Rates

Is the Fed responsible for the pernicious low-interest rate environment? Yes, but not for the reasons you think. I explain why in a new National Review article: While this absolves the Fed of direct responsibility for the low-interest-rate environment, it does not absolve it for its indirect influence. Through its control of the monetary base, [...] View the full post at: A Failure to Act: Fed Policy and Interest Rates Related posts: What’s behind Recent Changes in Long-Term Interest Rates? The Fed’s Unpublished Outlook for Interest Rates Lower Interest Rates and Home Prices