Economy—U.S. Federal Reserve, Interest Rates and the U.S. Economy—GDP for November—Alberta Oil Production Curtailment
U.S. Fed, Interest Rates and U.S. Economy
Background to the Decision
The tone and substance of the announcement made yesterday by U.S. Fed Chair Jerome Powell differed markedly from the one he made after the December 19 meeting of the Fed’s Open Markets Committee. On that date, Powell announced that the Fed was raising rates so that they would range between 2.25% and 2.50%.