Let’s See If The Fed Can Make It Stick

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The Board Of Governors The Forever ZIRP

The Board Of Governors: Chair Janet Yellen, Vice-Chairman Stanley Fischer, Jerome H. Powell, Daniel K. Tarullo, Lael Brainard

The Fed has spoken.  The new target rate for the Federal Funds rate will gradually rise to between 0.25 and 0.50 percent.  I wrote extensively about this yesterday.  It will be interesting to see whether the folks at the Board of Governors can make this rate increase stick.

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About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.