Interest Rates
The Texan senator's gold standard policy is a terrible idea with a long history.
Good news for consumers -- and possibly for Hillary Clinton.
And to think Larry Summers almost got the job instead.
Broader unemployment is high, and inflation is low. So why is the Fed moving now?
WHAT'S HAPPENING
In July, the Fed chair sparked controversy by suggesting the central bank couldn't address high rates of African-American unemployment.
The Fed chair said a shutdown would “endanger” economic progress.
To raise rates now would be an unfortunate signal from the Fed that the current job market is as good as it gets.
It'll be an increase of one-quarter of 1 percent, which most Americans will barely notice.
Wage stagnation is a "clear sign" the economy is not ready for an interest rate hike, the newspaper argued on Monday.
Some analysts argue that low interest rates leave the central bank ill-prepared for the next recession.