The Fed might be pushing for interest rate hikes for the wrong reasons
|05/19/2017||Posted by BusinessMediaguide.Com under General World News||
Federal Reserve officials are committed to being “data-dependent” in assessing what to do with US interest rates, but it’s not always clear what data they’re watching.
The central bank’s mandate is low, stable inflation and maximum employment, and Fed officials monitor a range of indicators to assess progress on those two goals.
But the Fed may be keen to hike rates for another reason: Reigning in what they see as excessively high prices in stocks and other financial markets.
If that’s their intention, it goes against what Fed Chair Janet Yellen and other key members of the open market committee have said they read more >>>