The concern is the tepid 2% GDP growth that we are experiencing… much more anemic than from past recessions. 2% is not robust. That being said, a rate hike had to come eventually, otherwise if we run into another fiscal issue, we’ll have nowhere to go with monetary policy.
The concern is the tepid 2% GDP growth that we are experiencing… much more anemic than from past recessions. 2% is not robust. That being said, a rate hike had to come eventually, otherwise if we run into another fiscal issue, we’ll have nowhere to go with monetary policy.