In the Margins

Fed has tightened monetary policy in shadows

May 18, 2016

By Bloomberg

Federal Reserve Chair Janet Yellen and her colleagues have tightened monetary policy by a lot more than their benchmark interest rate increase would suggest, but they've done it in the shadows. The so-called shadow federal funds rate rose about 300 basis points from the middle of 2014 through the end of last year as the central bank tapered, then ended its asset purchase program and prepared the way for its single rate increase in December. Read the original story from Bloomberg.

 

 

Most Read

10 Things
10 Things...to ask about investing in China

Investing in China is complex, whether a mutual fund offers direct exposure to China and the region or provides access via Chinese companies' U.S.-listed American depositary ...