Source: Independent Institute
by Scott Beyer
“Interest rate direction is central to modern U.S. monetary policy, and the last two decades, that direction’s been mostly downward. The Federal Reserve drove the federal funds rate to near zero in late 2008, kept it there for seven years, and rates have stayed unusually low through this decade. As the Fed now approaches its December meeting, it’s once again weighing the health of the dollar (which demands raising rates) against the loose money policies benefitting the stock and housing markets by lowering them once again. It raises the question of which demographics the Fed really wants to serve.” (11/28/25)
https://www.independent.org/article/2025/11/28/should-interest-rates-go-up-or-down/