Congressional Research Service Issues Insight White Paper on Federal Reserve & Interest Rates
July 04, 2024
July 04, 2024
WASHINGTON, July 4 -- The Congressional Research Service issued the following Insight white paper (No. IN12388) on July 3, 2024, by macroeconomic policy specialist Marc Labonte.
Here are excerpts:
* * *
Why Is the Federal Reserve Keeping Interest Rates "High for Longer"?
The Federal Reserve (Fed) responded to the post-pandemic spike in inflation by rapidly raising short-term interest rates between 2022 and 2023. Since July 2023, the F . . .
Here are excerpts:
* * *
Why Is the Federal Reserve Keeping Interest Rates "High for Longer"?
The Federal Reserve (Fed) responded to the post-pandemic spike in inflation by rapidly raising short-term interest rates between 2022 and 2023. Since July 2023, the F . . .