Fed Holds Rates Steady at the Top of the Neutral Range
This story raises questions about governance, accountability, and American values.
The coverage treats the Fed’s “neutral range” like a clean technocratic target, as if holding steady is inherently wise. But neutrality is not a magic setting when families feel prices in real time and small businesses face tighter credit. Markets may like predictability.
New Republican Times Editorial Board
Market Analysis by covering: Euro US Dollar, US Dollar Japanese Yen, US Dollar Index Futures, United States 3-Year. Read 's Market Analysis on Investing.com
Original source:
Read at Investing USHow We See It
New Republican Times Editorial Board
The coverage treats the Fed’s “neutral range” like a clean technocratic target, as if holding steady is inherently wise. But neutrality is not a magic setting when families feel prices in real time and small businesses face tighter credit. Markets may like predictability. Households live with the bill.
What gets missed is the Fed’s credibility problem after years of easy money and fiscal excess. A pause can be prudent, but only if it is paired with honesty about how inflation was allowed to take root. Public trust in institutions does not come from press releases. It comes from admitting errors and showing a consistent, measurable path.
Conservatives care less about soothing traders than protecting sound money and fairness for savers and workers. And the Fed cannot do this alone. Without fiscal discipline in Washington, “neutral” becomes a moving goalpost. The principle at stake is simple: stability requires accountability.
Commentary written with AI assistance by the New Republican Times Editorial Board.