Has the Fed Stifled Economic Growth?

Adam Ozimek is not happy with economic growth, and he blames the Fed:

Does It Matter That The Fed Has Been Wrong For Years?

First, let’s look at job growth. No doubt it remains strong. We’re adding about 2 million jobs a year, and so it’s easy to think that interest rate hikes have done no damage. But this is excessively dichotomous thinking. This paints job growth as either “good”, and therefore unable to improve upon, or it is “bad” and therefore able to be improved upon. Instead I’d argue growth is good but could have been better.

….It’s useful to rewind to December 2015, a little over two years ago, and when the Fed started raising interest rates.

Read the whole thing for more. I’ll get you started with a simple chart:

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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