An Economic Checkup. Martin Feldstein, May 28, 2015, Opinion. "The US economy is at a critical juncture. The Federal Reserve's very easy monetary policy during the past few years has been the root of both good and ill: reduced unemployment on the one hand and increased financial risks an the other. The danger now is that the inevitable rise in interest rates over the next few years could cause substantial losses to banks and investors that, in turn, could weaken the economy's overall performance and lead to another economic downturn. Here, Feldstein examines the state of US' economy..." Link