The Alan Blinder Economic Outlook
Following each meeting of the Federal Reserve’s Federal Open Market Committee (FOMC), Promontory Interfinancial Network co-founder, former vice-chair of the Fed, and Princeton economist Alan Blinder provides an analysis of the proceedings and implications for future policy and economic activity.
The Federal Open Market Committee did, of course, bump up the federal funds rate by 25 basis points at its June 12-13 meeting. No one on earth was surprised by that. Read more.