More on topic, the Fed hasn’t raised borrowing rates since 2006. The slight nudge up from basically zero isn’t going to derail things if, as I believe, we are in a stable enough place that we don’t need to keep subsidizing lenders.It’ll be interesting to see if there are any intelligent comments from the conservative side. I’m pretty sure some have been critical of the “free money” policies that the Fed has followed for the last 8 or 9 years.
During the hearings before Janet Yellen’s appointment, I heard her express, and read a few articles about her concern regarding the growing gap in wealth in this country, and of the losses the Middle Class has been suffering. I believed her then, and still do, but her office cannot wield much power & influence to reverse the well-financed trends of the past 18 years.
Uncle Joe Premium Member over 8 years ago
Janet Yellen doesn’t deserve his confidence. He’s been standing there since 1981.
Uncle Joe Premium Member over 8 years ago
More on topic, the Fed hasn’t raised borrowing rates since 2006. The slight nudge up from basically zero isn’t going to derail things if, as I believe, we are in a stable enough place that we don’t need to keep subsidizing lenders.It’ll be interesting to see if there are any intelligent comments from the conservative side. I’m pretty sure some have been critical of the “free money” policies that the Fed has followed for the last 8 or 9 years.
Theodore E. Lind Premium Member over 8 years ago
The rate increase will have little effect. It is about time the fed has decided to move back to a more normal interest rate.
moosemin over 8 years ago
During the hearings before Janet Yellen’s appointment, I heard her express, and read a few articles about her concern regarding the growing gap in wealth in this country, and of the losses the Middle Class has been suffering. I believed her then, and still do, but her office cannot wield much power & influence to reverse the well-financed trends of the past 18 years.