Guest Voices: The Fed, Investment Firms, And Rising Interest Rates

By KURT DAVIS JR. There are some simple life lessons in business: It is hard to be liked by all people and it is hard to be liked all the time.  Leaders at central banks and investment firms know this very well… today’s economic crisis will likely end with a simple reminder. The Federal Reserve: Essential to Society or The Source of the Problem? There are few, if any, central bankers who are not taking some public criticism today for raising rates. For Jerome Powell, chairman of the Federal Reserve, and the other Fed members, their position cannot be enviable: stop inflation and maintain financial stability. It is always a tough assignment to raise interest rates (the usual dose of…