Wednesday, September 21, 2016

Hillary gets the best she can from Janet Yellen: Economy still too weak for the Fed to further normalize interest rates

Actually, the Fed is too weak morally to normalize interest rates, and won't move until after the election. A December hike if Trump is elected may well send the markets tumbling down, which you know will be blamed on his election, not on the Fed.

Meanwhile banks continue to get rich while impoverishing savers $100 billion quarterly since the end of 2008. That's $3.2 trillion they'll have robbed from the American people by the end of 2016.

Government of the banks, by the banks, and for the banks.

Politico reports here:

The Fed’s target rate is now just 0.25 percent to 0.50 percent, a remarkably low figure this late in an economic recovery that gives the central bank little room to maneuver should a new crisis or recession arise. So the Fed’s move avoids a market meltdown but offers fresh rhetorical evidence for Trump and other Republicans who argue that the economy is extraordinarily weak. ... Trump has also said that as president he would replace Yellen, whose term runs until February 2018. And he has ripped the Fed for creating what he has called a “false economy” with high stock prices but only modest wage gains and a very low labor-force participation rate.

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