Here is an interesting quote from a recent article about the federal reserve interest rate changes.
"This points to an important trend. The Fed's monetary policy as implemented through its changes in short-term interest rates has become less effective over the years. This is not a reflection of bad monetary policy but rather of the dramatic shifts and changes in global financial markets.
There are more major private and government players with more money than ever before. And more of these markets are becoming global and thus interconnected. For instance, the deficits of our federal government and of our international trade balance are being financed to a significant degree by non-American entities."
This impacts all of us, business or personal, our costs go up and our risk increases. Any thoughts?
Read the rest of the article about Federal Reserve Effectiveness