The Federal Reserve Should Let Jobs and Wages Grow
Dean of the US House of Representatives | Ranking Member, House Judiciary Committee
The Federal Reserve is widely expected to raise the federal funds interest rate from the near-zero levels in force since December 2008. With the headline unemployment rate at 5 percent, many Fed officials are declaring that we are near full employment, and will therefore act to slow the economy for the first time in 7 years.
See the attachment for the full story that was published on the Huffington Post on Dec. 16, 2015.
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