Some say Fed should relax policy on rate hikes

Executive Summary

The federal government could play a role in boosting U.S. productivity by pursuing policies such as holding down interest rates and increasing spending on research, some economists argue. Skeptics counter that government policies have only a marginal impact on the economy. A key takeaway:

  • The Federal Reserve has raised its benchmark interest rate twice in 2017 and is expected to do so again before the end of the year.

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DOI: 10.1177/237455680329.n5