The Fed and the art of purposeful inactivity
- Written by The Conversation
Authors: The Conversation
Her hands may be folded, but Janet Yellen is far from inactive. ReutersThe Federal Reserve is the central bank of the United States and sets monetary policy to steer the direction of the economy. Traditionally, the Fed has had three policy choices: increase its target interest rate, lower it or do nothing.
But because the fe...










