The Fed Dilemma

Yes, it is responsible for market crashes, but the origin of the problem traces back to the very roots of the institution

The Federal Reserve building in seen in Washington on Aug. 22, 2018. Chris Wattie/Reuters

Commentary

For the most part in 2017 and 2018, only academics and easy-money cranks scolded the Federal Reserve for raising rates. After all, the stock market was bubbling up and the economy was strong.