David Wessel asks "For the Fed, is it 1998 all over again?"
David Wessel's latest Brookings Report is out now.
❝ The other day on CNBC I got a predictable question: With ripple effects from Turkey’s economic woes infecting other emerging markets, will the Federal Reserve reconsider plans to raise interest rates a couple more times this year? When central bank Chairman Jerome Powell asks the Fed staff to respond to that question, someone is certain to recall how the Fed reacted to the Asian financial crisis. [Brookings.edu]
| DAVID WESSEL is Director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institute & a contributing correspondent to the Wall Street Journal. Watch him dissect the high-stakes politics of the federal budget below, and learn more about booking David for your next event today. |
