Posted on 02/18/2015 11:26:15 AM PST by John W
Federal Reserve policymakers voted in unison last month not to raise interest rates, but the discussions leading to the vote show considerable levels of hand-wringing over the course ahead.
January meeting minutes released Wednesday show a Fed Open Market Committee concerned over its credibility and the path it should take toward normalizing monetary policy. Issue by issue, "some," "a few" or a "couple" voiced concerns about when the central banks should begin raising rates and how it should do so.
Ultimately, though, "many" won out in determining that the days of cheap money would continue. In fact, the minutes overall showed little taste among members to begin tightening anytime soon.
"Many participants indicated that their assessment of the balance of risks associated with the timing of the beginning of policy normalization had inclined them toward keeping the federal funds rate at its effective lower bound for a longer time," the minutes said.
(Excerpt) Read more at cnbc.com ...
Decision to be postponed until 10 minutes after a Republican is sworn in as POTUS.
HAHAHAHA! They are not going to raise rates. EVERYTHING would be exposed by the ensuing crash.
In that case we’ll have zero interest rates for my lifetime, LOL
That should tell one everything they need to know about the true state of the economy.
It’s great! Other stories on this have said they didn’t want to tamper with “the recovery”.
They can’t raise rates. Too much of our debt is short term - 1-3 years. Raising rates would send interest payments soaring forcing big cuts in spending, bigger deficits or tax hikes. Raising rates is not an option.
Part of deliberate Democrap strategy. Remember when Clinton shifted the financing of the national debt from long into short-term instruments?
Yeh they can barely service the debt now. So raise the rates and crash.
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