If the Fed steps in too quickly to raise rates, we could see a repeat of what happened in 1937 when the Roosevelt administration prematurely bumps rates
What needs to happen to solidify a recovery is an expansion or long term investment, consumer spending, and lowering the unemployment rate. If not, we could see another economic dip. If the Fed steps in too quickly to raise rates, given my last statement, we could see a repeat of what happened in 1937 when the Roosevelt administration prematurely bumps rates.