Tuesday, November 22, 2016

President Trump can’t get here fast enough…. Yellen about to raise rates in to a lagging economy.

There is nothing “economic” going on in the Fed. It’s 100% political. You don’t raise rates to cool off an “over-heated” economy that hasn’t been north of the 2% GDP range in eight years.
Federal Reserve Chair Janet Yellen said Thursday that an interest rate increase likely will be appropriate “relatively soon” as long as there is further evidence of progress in the economy.

Because the economy is doing so well…
h/t Cashflow

No comments:

Post a Comment