Yellen - Fed
- Thread starter cawacko
- Start date
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The Almighty
They should be raising 25bps.
Mott the Hoople
Sweet Jane
Well considering they've been hemming and hawing and doing Fed double geek speak talk for about a month now....I'd be shocked if they didn't.
I don't know why not; after all, the media hype has been how well the recovery is going. One has to wonder, with such a wonderful economy, why it is taking them so long?
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The Almighty
never mind... they did raise 25 bps
cawacko
Well-known member
Sanders came out against the hike which is somewhat interesting as QE has been a major driver in wealth inequality.
Sanders Statement on Fed Raising Interest Rates
Wednesday, December 16, 2015
WASHINGTON, Dec. 16 – Sen. Bernie Sanders (I-Vt.) issued the following statement today after the Federal Reserve announced that it would raise interest rates for the first time in nearly a decade:
“When millions of Americans are working longer hours for lower wages, the Federal Reserve’s decision to raise interest rates is bad news for working families. At a time when real unemployment is nearly 10 percent and youth unemployment is off the charts, we need to do everything possible to create millions of good-paying jobs and raise the wages of the American people. The Fed should act with the same sense of urgency to rebuild the disappearing middle class as it did to bail out Wall Street banks seven years ago."
http://www.sanders.senate.gov/newsr...nders-statement-on-fed-raising-interest-rates
Sanders Statement on Fed Raising Interest Rates
Wednesday, December 16, 2015
WASHINGTON, Dec. 16 – Sen. Bernie Sanders (I-Vt.) issued the following statement today after the Federal Reserve announced that it would raise interest rates for the first time in nearly a decade:
“When millions of Americans are working longer hours for lower wages, the Federal Reserve’s decision to raise interest rates is bad news for working families. At a time when real unemployment is nearly 10 percent and youth unemployment is off the charts, we need to do everything possible to create millions of good-paying jobs and raise the wages of the American people. The Fed should act with the same sense of urgency to rebuild the disappearing middle class as it did to bail out Wall Street banks seven years ago."
http://www.sanders.senate.gov/newsr...nders-statement-on-fed-raising-interest-rates
Airstrip One
Completely Effed
Of course, keeping rates artificially low will hurt the poor when the economy blows-up, like it has done in the recent past...
FUCK THE POLICE
911 EVERY DAY
Rates have been low for a decade with nary any inflation to show for it. Rightists have been screaming hyperinflation since 2008, how stupid do you feel to still be screaming it a decade later?
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The Almighty
Talk to Japan about the stupidity of keeping rates artificially low for too long. It isn't just about inflation. It is about creating a bubble. Take a good hard look at who benefits the most from the low rate environment. It isn't the lower and middle income families.
LMAO; another moron who hasn't been to the pump or the gorcery store in years.