Reuters: Global economy worries prompt Fed to hold rates steady
Article published: Sep 17, 2015 – out of date: no longer suitable for your IB Economics commentary
IB Economics syllabus: Macroeconomics (interest rates, monetary policy)
Fed Chair Janet Yellen stated that “The outlook abroad appears to have become less certain,” as a reason for not increasing interest rates yet. In addition, U.S. inflation is very low too, which is also an answer why the committee has decided to wait.
Source of image: Mark Wilson/Getty Images