Commentary
The headlines were everywhere. The Federal Reserve has raised interest rates to a 22-year high!
Federal Reserve Board Chair Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting at the Federal Reserve in Washington on July 26, 2023. The Federal Reserve announced that it will raise the interest rate by a quarter of a percentage point, bringing the benchmark borrowing rate to a range of 5.25% and 5.5%. Alex Wong/Getty Images
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
