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

Do you need a little boost with IB Economics?

Get help from an examiner: check out private lessons.

Looking for more articles?

Click here.

Will you pass the IB Exams???

Test your knowledge with the below quiz.

I’m taking the micro quiz