Earlier this month Federal Reserve chair Jerome Powell announced a half-percentage-piont increase in interest rates, the largest hike in over two decades. Powell also indicated that he wouldn't hesitate to do it again — a move straight out of the central bank's 1994 playbook, when the Fed last tempered the US economy and successfully executed a so-called soft landing.
The post The Fed Has A New Plan To Avoid Recession: Party Like It's 1994 appeared first on The Seattle Medium.
