Today American policymakers face a stark choice. Either, they can fight inflation by continuing to hike interest rates to generate unemployment and bring down aggregate demand. Or, they can employ a surgical approach that reins in the price increases that...
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Bloustein, NJBankers release results of Sixth Annual Economic Survey of Bank CEOs
The New Jersey Bankers Association has released the results of the sixth annual NJBankers Economic Survey of Bank CEOs, conducted by researchers at the Bloustein School. The survey inquired about national and state current economic assessments, as well as six-month...
NJ shouldn't freak out about interest rate hike — yet
As expected, the Federal Reserve has raised interest rates a quarter of a percent — the first raise since 2006. The increase will probably raise short-term borrowing rates slightly for credit cards and home equity loans, but rates for auto loans, mortgages and college...