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Fed Chickens Out Again, Fails To Raise For 55th Consecutive Time - FOMC Statement Comparison
Zerohedge ^
| 09/17/2015
| Submitted by Tyler Durden
Posted on 09/17/2015 11:22:51 AM PDT by freddy005
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It amazes me that not ONE candidate last night mentioned how the Federal Reserve (a non Gov't and "Private" institution) has allowed the Federal Government to borrow so much money, at ridiculous 0% rates, which has lead to record debt and a STAGNATE economy! Hello....we've become Japan! Our "Lost Decade" is here and NO one is making the correlation. Amazing!
1
posted on
09/17/2015 11:22:51 AM PDT
by
freddy005
To: freddy005
Not to mention the decline over decades in the value of the dollar against other world currencies...
2
posted on
09/17/2015 11:25:26 AM PDT
by
Hotlanta Mike
('You can avoid reality, but you canÂ’t avoid the consequences of avoiding reality.Â’)
To: freddy005
Guess all it took was for China to catch a cold...
3
posted on
09/17/2015 11:28:14 AM PDT
by
Vendome
(Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
To: freddy005
BTW, who whose face should be on $10?
4
posted on
09/17/2015 11:29:07 AM PDT
by
cornelis
To: freddy005
They HAVE TO.
If they raise interest rates then IMO the rate they pay on the national debt goes up and we see an addition 400 billion in a little move on interest rates.
5
posted on
09/17/2015 11:29:16 AM PDT
by
A CA Guy
( God Bless America, God Bless and keep safe our fighting men and women.)
To: freddy005
The economy must REALLY be doing well... /sarc
6
posted on
09/17/2015 11:29:43 AM PDT
by
fwdude
(The last time the GOP ran an "extremist," Reagan won 44 states.)
To: freddy005
Once interest rates go up, the debt servicing costs for the USG will rise and the prices of houses will decline.
7
posted on
09/17/2015 11:30:00 AM PDT
by
kabar
To: freddy005
The “Money Bubble” is balanced on the razor’s edge....
8
posted on
09/17/2015 11:30:03 AM PDT
by
GraceG
(Protect the Border from Illegal Aliens, Don't Protect Illegal Alien Boarders...)
To: freddy005
It's not the Federal Reserve that authorizes the government borrowing. It's Congress.
The Federal Reserve does influence rates. But their decision was completely appropriate given the weak jobs data.
Federal Reserve Act
Section 2A. Monetary policy objectives
The Board of Governors of the Federal Reserve System and the Federal Open Market Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.
9
posted on
09/17/2015 11:33:20 AM PDT
by
DannyTN
To: kabar
Every time the interest rates don't go up, the debt ceiling is raised AGAIN and there is no discipline applied to federal spending
There's no way outta' here
10
posted on
09/17/2015 11:34:54 AM PDT
by
grania
To: freddy005
If they raise rates the dollar is stronger and hurts American businesses. With China devaluing their currency slightly, the last thing that we need is for the dollar to get too strong.
Maybe when Trump gets too close to the nomination the fed will raise rates 1% or something to scare Wall Street. They’ll blame it on Trump. The Trump crash of 2016.
11
posted on
09/17/2015 11:35:19 AM PDT
by
Vic S
To: freddy005
I was thinking about posting my opinions if the Fed decided to not change rates... the title???
Feds chicken out on rates...
I guess GMTA!
12
posted on
09/17/2015 11:36:49 AM PDT
by
djf
("It's not about being nice, it's about being competent!" - Donald Trump)
To: grania
Geez that gobbletygook makes me feel like a maroon.
13
posted on
09/17/2015 11:37:31 AM PDT
by
bicyclerepair
(Ft. Lauderdale FL (zombie land). TERM LIMITS ... TERM LIMITS)
To: A CA Guy
I agree. I wouldn’t blame the Fed for this.
14
posted on
09/17/2015 11:37:48 AM PDT
by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: freddy005
It amazes me that not ONE candidate last night mentioned how the Federal Reserve (a non Gov't and "Private" institution) has allowed the Federal Government to borrow so much money, at ridiculous 0% rates, which has lead to record debt and a STAGNATE economy! Aw, c'mon, get with it, it was FAR MORE important to ask about whose portrait should go on the new $10 bill, and what they wanted their SS codename to be....
15
posted on
09/17/2015 11:42:19 AM PDT
by
Old Sarge
(I prep because DHS and FEMA told me it was a good idea...)
To: A CA Guy
A raise in rates would trigger the interest rates derivatives.
While not immediately hurting consumers, this trigger is much, much, much bigger than the national debt!
You would see banks and large financial institutions go under in a flash... and all those insured, WOULD NOT BE BAILED OUT, they would end up with higher interest rates anyways!
16
posted on
09/17/2015 11:42:24 AM PDT
by
djf
("It's not about being nice, it's about being competent!" - Donald Trump)
woohooo....QE4 here we come!!
17
posted on
09/17/2015 11:42:31 AM PDT
by
Ghost of SVR4
(So many are so hopelessly dependent on the government that they will fight to protect it.)
To: Hotlanta Mike
isn’t the dollar relatively strong at the moment? (only b/c the others are worse off....certainly dollar is strong against Euro, and against Canadian dollars...). or am I missing something?
To: kabar
The best time to buy a house is when interest rates are high. The reason is simple:
People don’t buy a price. They buy a mnthly payment. When rates are high, home prices are low. When rates then go down, prices go up AND you can refinance. Both put the homeowner in a better position.
BTW, if the FED had increased the rate, the veil would have been lifted and t would have been obvious what kind of shape our economy is REALLY in. The house of cards would have collapsed.
19
posted on
09/17/2015 11:53:06 AM PDT
by
cuban leaf
(The US will not survive the obama presidency. The world may not either.)
To: grania
Every time the interest rates don't go up, the debt ceiling is raised AGAIN The national debt is driven by the entitlement costs. The ceiling must be raised as a result. 71% of the budget is on automatic pilot. With 10,000 baby boomers retiring every day for the next 20 years, the entitlement costs will rise regardless. 40% of all Medicare expenditures come from the General Fund.
20
posted on
09/17/2015 11:56:03 AM PDT
by
kabar
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