Surprise, the Fed is Not a Wrecking Ball After All
Former JPMorgan Chase Global Chief Economist and Current BrightQuery Chief Economist
Photo by Isaac Brekken on Getty Images
On February 4, 1994, the Federal Reserve began to formally announce changes in the federal funds rate to signal a more restrictive/accommodative monetary stance. Using this data, we examine whether increases in short-term policy rates have led to higher unemployment rates and sl…
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