The Fed Should Raise Rates Already

Easy money has made us all addicted to the stock market.

Fight stock-market addiction.

Photographer: Andrew Burton/Getty Images

With the recent market turmoil, the easy-money choir is again calling for the Federal Reserve to put off raising interest rates. But this could be dangerous to financial stability and the economy. It would only create more uncertainty and further distort the capital markets, delaying the return to sound economic growth based on market fundamentals. 

To continue reading this article you must be a Bloomberg Professional Service Subscriber.