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What if the Fed can't raise interest rates?


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in the near decade since [the last time the Fed raised interest rates], pretty much every rule, technique, and guideline the Fed once relied on has been drastically rewritten, revamped, or removed. That blank slate underscores the fact that seven years after the financial crisis, the US economy continues to feel the reverberations.


In the words of one analyst, when the Fed tries to raise interest rates “their actions will entail the largest monetary policy experiment in human history.”

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