December 15, 2016
On Wednesday, December 13 the Federal Reserve Open Market Committee hiked the Fed Funds rate by 25 basis point, the first tightening move of the year and the second of the decade. In my latest piece for Seeking Alpha, I explain why I believe the Fed’s action falls far short of what is necessary and why the central bank is ignoring political reality in their projections after clamoring for fiscal stimulus that is coming at them like a freight train beginning in 2017.
Article: The Fed Speaks
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