财新传媒
位置:博客 > 高占军 > 文章归档 > 2018年二月
2018年02月28日 13:26

The Challenges to Fed Monetary Policy

The Federal Reserve has been on a path of monetary policy normalization since December 2015 when it raised interest rates for the first time after the 2008 financial crisis. Since then, there have been another four rate hikes, and the Fed finally began shrinking its balance sheet in October 2017. So far, the economy remains on a trajectory of slightly above-trend growth, stock markets have kept on rising steadily, and bond markets have not fluctuated dramatically.

Yet, the central bank is o......

阅读全文>>