Janet L. Yellen was the most qualified Federal Reserve chair we’ve ever had and maybe the most successful Federal Reserve chair we’ve ever had.
I’m thinking they want to qualify that statement by the fact that the Fed kept interest rates so low during the previous administration. And, if she were an honest person, she probably didn’t want to, given the fact that she was the most qualified.
She HAD to keep them low. If she had raised them, they would have completely destroyed the previous administration and no one was going to be allowed to do that. And of course, now they’re creeping back up.
Perhaps, someone more knowledgeable on the subject can enlighten me. Are they going back up, because they have to? Are they going back up because the powers that be want to do what they can to harm the President and stall the economy?
On a side note, I wish the President would push for an audit, get rid of them and put the onus on the banks to set their own rates. Nothing like competition to drive the cost of EVERYTHING down. I don’t think credit cards, car loans and mortgages should be any different.
On a side note, I wish the President would push for an audit, get rid of them and put the onus on the banks to set their own rates. Nothing like competition to drive the cost of EVERYTHING down. I don’t think credit cards, car loans and mortgages should be any different.
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...... hmmm.