Posted on 03/16/2016 11:41:27 AM PDT by John W
The Federal Reserve left its benchmark interest rate unchanged today and lowered its economic forecasts after a turbulent start to the year in financial markets and lackluster U.S. growth persuaded the central bank to reassess the timing and magnitude of its plan to raise rates.
The Fed maintained its target for interest rates at a range of 0.25 to 0.50 percent to give the U.S. recovery more time to get on a stable track without making recovery more difficult for the rest of the world, where growth is flagging.
Only one member of the Federal Reserve's open market committee dissented from the decision to postpone action. Esther L. George urged the central bank to boost rates by a quarter of a percentage point now. The consensus forecast of the committee suggested that the Fed expects to raise rates on two or three occasions later this year.
(Excerpt) Read more at washingtonpost.com ...
Recovery. hahahahahahahahahahaha.......
But the president just said things were great. Full employment even./s
Better batten down. What’s a recession going to look like after 8 years of anemic growth.
This flagging “recovery” may last longer than the unnecessarily long recovery of the Great Depression.
Thanks, Obama.
Yeah, and that ended well.
More funny money served up on a platter by Ms. Yellen.
The market jumped in reaction. The Dow and S&P will soon be breaking records once again.
The higher the market, the higher the national debt. Problem is the market gains are on paper, the debt is real... and crushing.
I predict the rate will be back to zero by the election.
And the DOW is up 88 points. Good is good, bad is good, who knew?
scary thing is maybe the long term plan of the big companies like apple is to not need the 350m Americans to buy their product to keep the stock high.
India, China and now coming to you...Iran and other countries might make up the difference.
this is bad
Bingo, that was my thought, they’ll be lowering the rates.
I watched Yellin today.
Her view is that the economy is really good, but Americans have a negative perception caused by the political discussion.
If you spend your life in the DC beltway, I suppose that’s correct.
Bush’s fault.
It’s the summer of George.....er...recovery.
I’ve posted on other threads: The best way for a company to quickly drive up its stock price is to shed American workers. If the stock market is doing well, the Americans that formerly worked for the companies aren’t...
The same BS Obama whined about years ago: The economy is good, but evil white Republicans are “talking down” the economy. I guess all of the foreclosures, personal debt, un/underemployment, low wages, increasing grocery and healthcare costs are all imaginary...
Here in the northeast/NYC metro area nobody has any misconceptions about the false “recovery”; Americans and their employers are fleeing, and we’re losing electoral votes as a result...
They sure like to keep the lie going.
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