The Fed can't save the economy

A slowing pace of rate hikes is appropriate, but we need supply-driven growth

The Federal Reserve raised interest rates last week by 0.5 percentage points, a rapid shift compared to the Fed’s traditional 0.25 percentage point increments but a slowdown from the .75 percentage point increases following the past few meetings.

This seems like an appropriate decision, but I think going forward the Fed should probably slow back down to…