First published by Money Metals here:
https://www.moneymetals.com/news/2019/02/26/fed-must-face-reality-001722
More than a decade after the 2008 financial crisis, U.S. monetary policy continues to operate in crisis management mode. Despite a long, drawn out rate-hiking campaign – now paused – the Federal Reserve has yet to bring its benchmark interest rate up to normal levels historically.
