Today’s Federal Reserve: A Faith-Based Organization
Published in
8 min readOct 31, 2023
The Fed, the US’s central bank, recently met to decide what to do about interest rates.
While it kept rates unchanged, it said people still have too many jobs and make too much money. It needs to “drain liquidity” and “weaken the labor market.”
Higher for longer, as it says. All in pursuit of two goals: maximum employment and stable prices.