Having watched innumerable meetings of the U.S. Federal Reserve’s monetary policy committee, I’ve lost count of the number of times I’ve heard participants complain that uncertainties about the economy were “unusually elevated.”
But when Fed officials say this at their policy meeting this week, they’ll be unusually on point. Considering how much the Fed has already raised U.S. interest rates, this would be a good reason for the Fed to pause.
For…
Read the full article here
