Mises Wire
Author:
Frank Shostak
Online Publish Date:
On Wednesday, November 2, 2022, the Fed raised the target for the policy rate by 0.75 percent, to 4.00 percent, for the fourth time in a row. Fed chairman Jerome Powell hinted that the policy rate target is likely to be lifted further ahead. For most economists and commentators, the Fed’s monetary policy is the heart of the interest rate