Former Fed Chairman Robert Heller on why we need to stop raising interest rates now

font size The money supply is declining in absolute terms. Additional tightening by the US Federal Reserve risks triggering a recession, writes Robert Heller. El Drago/Bloomberg About the author: Robert Heller He is a former member of the Board of Governors of the Federal Reserve System. Inflation is the most important issue facing the economy … Read more

The Fed and the markets agree on wages and inflation, that’s a problem.

Federal Reserve officials continue to warn that more interest rate increases are coming because they don’t see the labor market softening enough for inflation to reach 2%. Above, US Postal Service employees work at the Los Angeles processing and distribution center. Mario Tama/Getty Images font size The economic data released last week seems to tell … Read more