The Fed changed its strategy on interest rates – here's what it means
- Written by Thomas Gilbert, Associate Professor of Finance and Business Economics, University of Washington
Federal Reserve Chairman Jerome Powell speaks at a news conference.AP Photo/Alex Brandon
The Federal Reserve just took the monetary policy equivalent of a sharp 90-degree turn.
On Jan. 30, the U.S. central bank signaled that it was done raising benchmark interest rates after two years of aggressive rate hikes. As such, the Fed held its target rate...
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