Fed’s Rate- Changing System Up for Revamp
BY JON HILSENRATH — Michael S. Derby contributed to this article.
The Wall Street Journal Europe
May 19 2014
Janet Yellen’s first big task as Federal Reserve chairwoman isn’t deciding when to raise interest rates. It is deciding how. The Fed’s old system for moving interest rates up or down looks increasingly unsuited for the postcrisis financial system, so…read more…