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Why would the FED ever want to raise interest rates if it's going to risk increasing...

Why would the FED ever want to raise interest rates if it's going to risk increasing unemployment? Why not keep the interrest rate low and just let the economy grow as much as it wants, as fast as it wants?

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as we all have heard the famous quote of keynes " inflation is unjust but deflation is inexpedient" which means mild inflation is good for the economy as it raises the employment rate but deflation is a curse for the economy as it totally hinders the process of development. as the famous economist has stated mild inflation is good for the economy but not a walking or running inflation which also will flush out the good effect of mild inflation. if interest rate will always be kept low by the FED then there will always be more investment than needed and after the full employment level the increase in investment will only increase inflation but not output. it will only make the currency weaker in terms of other currencies and increased inflation will adversly affect the economic growth of the nation. so it is necessery for the FED to revise the interest rate time to time if needed increase it to ensure smooth functioning of the economy.

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