Raising/cutting the fed funds rate has very little correlation with inflation or growth. Lower FFR means lower treasury yields, which means less injection of net financial assets into the non-governmental sector. Targeting inflation with the FFR is a haphazard endeavor. The inflationary effect of open market operations by the Fed is ambiguous at best.

Corporate accountant and former auditor with degrees in philosophy and accounting.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store