The Fed Holds the Fed Funds Rate Steady—Because it Doesn't Know What Else To Do

The Fed Holds the Fed Funds Rate Steady—Because it Doesn’t Know What Else To Do

Tags: The Fed, Money and Banks, U.S. Economy

09/29/2023 Ryan McMaken

If we read between the lines, it is apparent that the Fed is hoping that price inflation will fall to politically acceptable levels without any additional tightening, and without a recession. But “hope” is all the Fed has.

Original Article: The Fed Holds the Fed Funds Rate Steady—Because it Doesn’t Know What Else To Do

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.