The Federal Reserve's Rocky Road

The nation's beleaguered monetary policy gurus have tough decisions to make, regardless of the presidential outcome.

The Federal Reserve faces some critical postelection decisions in the face of the most vehement criticism since the early 1980s, when then-Chairman Paul A. Volcker pushed the economy into recession to combat a 13% inflation rate.

The new challenges include:

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Art Pine
Contributing Editor, The Kiplinger Letter