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Congressional Research Service Issues Insight White Paper on Federal Reserve & Interest Rates
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:

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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 . . .

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