The Fed remains on course — to trouble

Source: Ludwig von Mises Institute
by Thorsten Polleit

“According to mainstream economic wisdom, the time has come for the US economy to return to a more normal level of interest rates. Industrial output is expanding at a decent clip, official unemployment has declined markedly, and prices in the stock and housing market show a sustained upward drift. Considering these circumstances, the US economy can now shoulder a tighter monetary policy, it is said. It should be understood, however, that there will be side-effects, even unintended consequences, if and when the Fed hikes interest rates further.” (07/27/17)

https://mises.org/library/fed-remains-course-%E2%80%93-trouble