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16. Please review the following quote and explain whether it deals with monetary or fiscal policy. Quote: The Fed anticipates hiking rates three times in
16. Please review the following quote and explain whether it deals with monetary or fiscal policy. Quote: "The Fed anticipates hiking rates three times in total in 2018, part of an ongoing move away from the extraordinary measures it took to stimulate the economy during and after the Great Recession. But the central bank opened the door to potentially doing four hikes. Higher rates are likely to be welcomed by savers but not by borrowers, who will face more expensive loan terms." Explanation of policy that quote is referring to
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