Magazine March 5, 2018, Issue

A Monetary Correction

(Barry Blackman/Getty Images)

Our economy is finishing its ninth year of expansion following the economic crisis of 2008 and 2009. While this expansion has been long-lasting, it has also been weak by post–World War II standards. Theories abound for this weakness. One common explanation, particularly on the right, is that the Federal Reserve’s attempts to stimulate the economy have had the perverse effect of keeping economic growth low.

In 2007 and 2008, the Federal Reserve reduced the federal-funds rate — the interest rate it targets — from 5.25 to 0.25 percent. It held that rate down for seven years. Since 2015, it has increased

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The Week

 In his new official portrait, as in his presidential rhetoric, Barack Obama just couldn’t quite get clear of the Bushes.
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The Week

In his new official portrait, as in his presidential rhetoric, Barack Obama just couldn’t quite get clear of the Bushes.

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