The Great Recession ended a decade ago this month, but for the U.S. Federal Rese...
WASHINGTON - The Great Recession ended a decade ago this month, but for the U.S. Federal Reserve the fallout has posed an era-defining choice: Either jolt Americans to expect higher inflation, or keep the printing press ready for the next economic slide.
The other would leave the Fed’s current approach to inflation intact but means the next recession will likely require the bondbuying and unconventional strategies used to combat the last one, with less certain results and a political cost for the Fed. Attention has centered on whether the Fed should make its 2% inflation target a goal to be reached on average.
The Fed’s policy rate has been mired as well, currently in a range of 2.25% to 2.5% and unlikely to go higher. That is below historical averages, leaving the Fed less room to bolster the economy by cutting rates before it hits the zero lower bound and has to trot out the bond purchases and other tactics used to fight the 2007-2009 recession.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Which Fast Food Company's Fries Are You Based On Your Favorite TV Show Characters?Pick Your Fave TV Characters And We'll Tell You Which Fast Food Fries You're Most Like
Read more »
Macron, Merkel seek common ground on EU Commission president pick: officialFrench President Emmanuel Macron and German Chancellor Angela Merkel don't ...
Read more »
US tornadoes stretch into PennsylvaniaAfter several quiet years, tornadoes have erupted in the US over the last two weeks as a volatile mix of warm, moist air from the southeast and persistent cold from the Rockies clashed and stalled over the Midwest.
Read more »
McConnell blocked a late-term justice nominee for Obama but helped confirm one for Reagan 30 years agoMitch McConnell blocked Obama's Supreme Court pick ahead of the 2016 election. In 1988, McConnell voted for Reagan's pick under similar circumstances.
Read more »
In Macau's non-gaming race, analysts pick Sands China, Galaxy as winnersMacau's casino operators have pledged billions of dollars to develop non-ga...
Read more »
Pick An Outfit From PrettyLittleThing And We Will Tell You What Movie You Should Be In!Pick An Outfit From Pretty Little Thing And We'll Guess Your Favorite Movie
Read more »