Official: “Here’s what I want you to believe ...”
“”””Raising them too soon could cause the economy to slide back into a recession.””””””
That’s funny stuff right there. Have economists turned into comedians?
An interest rate hike is the best thing we could have. It would cause a short burp in the economy, but - like the interest rate hike of Reagan and Volcker back in 1982 - it would kill inflation (which is running closer to 8% like it was for most of the Carter Administration) and get the economy moving again.
Lower inflation, cut the M0 growth to increase the value of each dollar, that will stabilize the GDP and promote investment. Bump interest rates please!
Savers are being punished to encourage speculators. I suspect this has to do with Wall Street and the big banks control of our politicians.
These clowns have publicly intimated that a hike would happen and then nothing happened, about a hundred times in the last few years. I think this is what they call “feels-based economics” or “perception is reality for the sheeple”. Is it Groundhog Day, again?
Negative interest rates are what’s really coming, so it makes sense they would be telling fools the exact opposite... blech.