The Federal Reserve has announced that it will raise its benchmark interest rate target for the first time this year and for only the second time since the Great Recession. The federal funds rate target, which was previously between 0.25 percent and 0.5 percent, is now between 0.5 percent and 0.75 percent. The effective federal funds rate has not been above 1 percent since 2008. Read more here...
Is deregulation the best way to improve infrastructure?
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E21: Economic Policies for the 21st Century is a Washington-based center of the nonprofit, nonpartisan Manhattan Institute dedicated to economic research and innovative public policies for the 21st century. Drawing on the expertise of practitioners, policymakers, and academics, we aim to advance free enterprise, fiscal discipline, economic growth, and the rule of law.