Abstract
As the US economy emerges from recession, the prospect of the US Federal Reserve raising interest rates grabs the attention of the financial markets more and more. US rates have been close to zero for a considerable time – part of a loose monetary stance in conjunction with a sustained policy of “quantitative easing” designed to support the economy through the recent recession. When the Fed switches tack, the waves will wash up around the globe.
| Original language | English |
|---|---|
| Specialist publication | The Conversation |
| Publisher | The Conversation UK |
| Publication status | Published - 14 Oct 2014 |
Keywords
- US Federal Reserve
- Economics
- Wall Street
- Markets
- Interest rates
- Macroeconomics
- Growth
- Janet Yellen
- Tapering
- Central banking
- FOMC