I heard some commentator say that if the Fed doesn’t raise rates they will have nothing to use (lowering rate) if the economy turns south. Sounds like BS to me.
There is still price inflation and no wage inflation while energy prices are low. That imo is a healthy growth economy, nothing else. If they raise rates than it shows they’re only interested in banking profits not the responsibilities of their charter.
I heard some commentator say that if the Fed doesn’t raise rates they will have nothing to use (lowering rate) if the economy turns south. Sounds like BS to me.
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You’re correct. That is 100% elitist BS.
If we were ever in such a situation the correct course would be to cut taxes.
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There is still price inflation and no wage inflation while energy prices are low.
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Any inflation we have today was created in the past with quantitative easing. Economic growth does not cause inflation. What caused the inflation in Venezuela?
That’s actually true to a large degree, but is also why they should have raised rates more than one 0.25% under Obama. 50 bps a year from 2011 to 2016 would have had the FFR at 3.25% going into Trump’s presidency with 0 FFR hikes. It’s instead at 2.25% with 7 FFR hikes under Trump. But we all know why they didn’t raise rates under Obama.