The US economy is still the strongest in the world today. This situation has arisen from the applica...
The US economy is still the strongest in the world today. This situation has arisen from the application of sound monetary policy over the last two decades. The pace of improvement has been on a rising trend, and although there are still improvements, they are not likely to come through any faster from here on. The monetary background is not as good as it was, with the recent increases in interest rates by the Federal Reserve Board being a negative. The purpose of a central bank is to maintain price stability, but these rate rises appear to be an attempt to manage growth instead. Despit...
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