If Our Economy Is So Great, Why Did The Fed Vote To Juice It?

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Last week, policymakers at the Federal Reserve voted to bring interest rates down. Down! That's despite a decade of economic growth, record low unemployment, solid corporate profits, and a good stock market. And it's despite the fact the federal government has already been juicing the economy with big spending tax cuts. In the old days, the Fed would be worried this would all make the price of everything explode (), and they would be voting to *increase* rates to slow things down. But, no. They're putting their foot on the accelerator. Fed, explained, "weak global growth, trade policy uncertainty, and muted inflation have prompted [us] to adjust [our] assessment of the appropriate path of interest rates."