Professor Paul Wachtel explains why the Trump administration’s trade policy could erode confidence in the American economy
— June 30, 2018
Excerpt from Salon -- "Recessions tend to start after the Fed fights rising inflation by increasing interest rates. Interest rates are abnormally low now, so I see the Fed moving to normalize them at a faster pace in 2018. That could dim the economic outlook for 2019. ... [The Federal Reserve Open Markets Committee will raise its target rate in 2018] three times, and 2.25 percent."