Chief Economist Diane Swonk's monthly newsletter, Themes on the Economy, provides insight into trends, issues and the forecast for the U.S. economy.
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Answering the Tough Questions
Growth, the Fed and What Keeps Me Awake at Night
“The Fed cannot hit an exact target on short-term rates... The federal funds market, the lever the Fed once used to raise rates, is a ghost of its former self. The best that the Fed can do is target a range on short-term rates,” says Diane Swonk.