The Federal Reserve left interest rates unchanged following its December meeting and signaled it would stay on hold for 2020.
Dr. Perryman says the Federal Reserve system has been engaged in an extensive study of the future of monetary policy and plans to issue a significant report next year.
Dr. Perryman reflects on the recent Federal Reserve Board meeting and its quarter of a point interest rate cut.
Dr. Perryman says President Trump continues to put intense public pressure on the Federal Reserve to cut interest rates dramatically.
The Federal Reserve cut interest rates a quarter of a point at its recent meeting. It was a move Dr. Perryman says left no one happy.
It appears the recent hurricanes have blown away the Fed's plan of gradual interest rate increases this year. Dr. Perryman says the bad weather will cause Fed governors to reassess.
The Federal Reserve continues to take a very cautious approach when it comes to interest rates, but Dr. Perryman expects a rate hike in December right after the election.
For years, the Federal Reserve has been known as an inflation fighter; Dr. Perryman says there are other targets that might make more sense.