Politics aside, there's a simple reason why the Federal Open Market Committee (FOMC) shouldn't have raised rates so high – it's not nice to fight mother nature. The FOMC describes how their decisions are made based on several guide-posts. To know whether the Federal Funds (FF) rate is too high or low, it can be compared to the "natural" ...

For accelerating on an expressway or powering through off-road terrain, a driver must shift gears. To get to higher growth, it's time for the Bank of Japan (BOJ) to shift gears. The BOJ has been in "low gear" to "get traction" with "quantitative easing" (QE) The BOJ has achieved its objectives: massive liquidity, growth in household ...