Inflation is low and economic growth is strong. You don’t need ultra-cheap money during a period of strong economic growth. Plus, low interest rates punish savers (of which I am one). The Fed is doing just fine after 15+ years of irresponsibly low interest rates. We need to let the dollar strengthen in order to improve real wages in this country.
We need to let the dollar strengthen in order to improve real wages in this country.
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Wages are best improved by letting the economy grow, rather than the Federal Reserve manipulating the markets and causing recessions, because of their false premise that economic growth causes inflation.
The inflation rate is about 1.5% while the prime interest rate is about 5.5%. How is that "ultra-cheap money"?