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Interest rates were raised again in May and in July.
When rates were raised, economic growth subsequently fell, and when rates dropped, the economy did better.
"The only way you'd be able to do it is if rates were raised sharply".
Interest rates were raised in July by a half-point to 7%.
In the late 1980s, interest rates were raised to clamp down on inflation.
The last time interest rates were raised was June 2006, a year before Apple rolled out the original iPhone.
Similar(20)
Water rates in most places are "dirt cheap," he said, and when rates are raised, it is often to offset the enormous costs associated with water development.
Every time the prospect of lower mobile termination rates is raised, operators have cried that prices would go up and that people would stop using their phones.
All the effects that reduce revenue when tax rates are raised are reversed, thus recouping revenue lost from the rate reduction.
He won't be confident that the economy is out of the woods until interest rates are raised.
Both will be in lower tax brackets when they retire even if tax rates are raised by one quarter.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com