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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It’s really that simple. But if you’d like to read a bit more about what makes our work unique—including two big investigations in just one day and covering voting rights the way it needs to be done—our membership lead, Brian Hiatt, highlights some of our team’s great work that we hope you’ll agree is worth supporting in his fall membership update.

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