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The Conversation USA

The Conversation USA

Federal Reserve offers vote of confidence in US economy (so there's no reason to panic)

  • Written by Robert Rebelein, Associate Professor of Economics, Vassar College

No one was really surprised that the Fed raised its target interest rate by one-quarter of a percentage point today. Yet somepeople are really upset about it and worried this will slow down a fragile economic recovery.

I would disagree with that view for several reasons.

My biggest reason is that a quarter-point is not a very big change. I...

Read more: Federal Reserve offers vote of confidence in US economy (so there's no reason to panic)

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