On December 16th, 2015, Federal Reserve Officials announced that after six years of 0 percent interest, they would finally raise the Federal Fund Rate. The move was seen by many as an attempt to provide markets with a boost of confidence. Although markets initially sold off on the news, they have in fact rebounded back to normal levels. Still, the question of whether or not the US economy is strong enough to maintain levels of growth has yet to be answered. Washington’s privileged position as issuer of the global reserve currency has allowed for an unprecedented monetary expansion with relatively …read more
Source: Ron Paul Institute