Professor Steve Hanke discusses the Federal interest rate increase

Steve Hanke, Johns Hopkins Professor of Applied Economics and a CFS Special Counselor, discusses the Federal Reserve’s announcement of the first interest rate increase in ten years.

Professor Hanke emphasizes the relative importance of the broad money supply, which includes that supplied by the private banking system, as measured by the CFS Divisia report of December 16, 2015.  CFS Divisia M4 grew by 4.6% in November 2015 on a year-over-year basis versus 3.4% in October or 2.1% for 2014, a statistic Hanke cited as indicating a “healthy” but “modest” economic growth.

To listen to the podcast, click here: