It was a year of chaos, emotions, madness, and uncertainty. In other words, the economics of 2024 were perhaps analogous to Nicholas Cage’s acting range. Indeed, there was no shortage of financial headlines over the last 12 months. Economist Paul Krugman retiring his New York Times blog might have been the biggest story of 2024, but this is no country for Keynesianism! Let’s hop into the DeLorean and take a trip down memory lane.
Federal Reserve Cuts Interest Rates in 2024
Federal Reserve Chair Jerome Powell uttered the magic words in his keynote address at the annual Jackson Hole, WY, economic symposium: “The time has come for policy to adjust.” And, as good as his word, Powell followed through on the central bank’s monetary policy adjustment. For the first time since the onset of the coronavirus pandemic, the Federal Reserve cut interest…
