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:

THE TRUTH...

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THE TRUTH...

is the first thing despots go after. An unwavering commitment to it is probably what draws you to Mother Jones' journalism. And as we're seeing in the US and the world around, authoritarians seek to poison the discourse and the way we relate to each other because they can't stand people coming together around a shared sense of the truth—it's a huge threat to them.

Which is also a pretty great way to describe Mother Jones' mission: People coming together around the truth to hold power accountable.

And right now, we need to raise about $400,000 from our online readers over the next two months to hit our annual goal and make good on that mission. Read more about the information war we find ourselves in and how people-powered, independent reporting can and must rise to the challenge—and please support our team's truth-telling journalism with a donation if you can right now.

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