The Fed Holds Rates at 4.5% Amid Rising Risks of Stagflation
Guest Commentaries | SchiffGold | 16 May, 2025
As of last week, the Federal Reserve has basically admitted it doesn’t know what’s happening in the economy. One thing’s for sure: inflation is still a problem.
The following article was originally published by the Mises Institute. The opinions expressed do not necessarily reflect those of Peter Schiff or SchiffGold.
On Wednesday, the Federal reserve’s Federal Open Market Committee left the target federal funds rate unchanged at 4.25-4.5 percent. The FOMC statement on the current policy, released on Wednesday, reads (my emphases in bold):
economy
FED
GDP
gold
inflation
interest rates
monetary policy
stagflation