June 2022

Frank Boland
June 13, 2022

The last time the Federal Reserve was faced with raising interest rates - on a secular basis - was almost 60 years ago. Of course, no one could have imagined, three generations later, it would happen again. Both times it was thought to be a cyclical or “transitory experience.” In 1965 Fed funds were 1% on a 17-year journey to 20%! This resulted...


As I grow older, I pay less attention to what men say. I just watch what they do.

– Andrew Carnegie