Raise Rates? Don't Do It, Fed! It's a Trap!

This week, the Federal Reserve is widely expected to raise interest rates above zero for the first time since the Great Recession.

There are all sorts of reasons why this will be a bad decision. Wage growth is still stagnant. We're still a very long way from repairing the hole in American employment left by the Great Recession. And there's still an even bigger hole left by the slow rot of the last few decades.