The Fed’s Dilemma

The US Federal Reserve faces an uneasy choice. Despite solid rates of growth in the United States and China, the two engines of the world economy, the global economic environment has been characterized by sudden swings of mood and economic performance in the first months of this year, as evidenced by large movements in some major stock markets and commodities prices. Policymakers are debating appropriate responses to restore confidence and sustainable growth, but there is no consensus about suit

Source: Peterson Institute (PIIE)