>>>No coincidence that a Trump will be president in a few weeks. /sarc
Wonder if they were holding rates low to make Obama look good?<<<
They were holding down rates 1) Because they could. 2) Because they doubled the debt and need to keep interests rates low.
If rates rise and the interests doubles, then what? Oh the left will try to paint Trump as being a bad president.
From an article in January of 2015: The interest payments alone are expected to hit $227 billion this year, more than double to $480 billion by 2019 and more than triple to $722 billion by 2024.
I believe this article is doing nothing more than forecasting a return to more historical interest rates along with increases in the debt. The interest will more than double in 4 years. But we can’t cut any programs to the left despite the fact that spending is unsustainable.
Inflation, here we come.
Wow. Clearly, then, the Fed is political and playing politics with our futures.