The Guardian: Federal Reserve raises interest rates despite pressure from Trump
Article published: December 19, 2018
IB Economics syllabus: Macroeconomics (monetary policy)
The Federal Reserve (Central Bank of the United States) has increased the interest rates for the 5th time this year. According to the chairman, the U.S. is a healthy economy and there is no need for very low interest rates to boost it further as “US unemployment rate has dropped to levels unseen since 1969 and inflation has remained low.”
Source of image: Jim Lo Scalzo/EPA
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