MA’s Ken Matheny was quoted in the article, The Fed raises interest rates again, saying ‘economy is doing well’ by Paul Davidson with USA Today. (excerpts shown below).
“The Fed on Wednesday raised its benchmark short-term rate by a quarter percentage point to a range of 0.75% to 1% and stuck to its forecast of two more such increases this year and three in 2018. Some economists had expected Fed policymakers to modestly step up the pace.
With the Fed more confident that inflation is moving higher, “It’s now going to switch to more regular, more predictable path of rate hikes,” says Ken Matheny, senior economist at Macroeconomic Advisers. (click here for article)