UPI: – Federal Reserve Chairwoman Janet Yellen said Friday she expects the U.S. central bank will again raise benchmark interest rates “in the coming months,” due to an improving domestic economy.
During a ceremonial event at Harvard University Friday, at which she received the 2016 Radcliffe Medal, the Fed’s top official noted that additional improvements to the U.S. economy will likely warrant another rate boost, which last happened in December for the first time in years.
“It has been a slow recovery, but we’ve made a great deal of progress,” the Yale graduate said Friday after receiving the medal, which is given annually to “an individual who has had a transformative impact on society.”
BLOG TOKEN NOT FOUND…..?
“IF” the economy has improved, with all the increased taxes, user fees, permits, licenses, regulations at the local, school district, township, state and federal governments has eaten up any improvements my family would have received.
Ah!
Comments functional again.
Was a bit Twilight Zone-y there for a while.
There has been no “recovery”. Compare the price of breakfast today to what it was 8-10 years ago and tell me things are “better”.
The Fed is a major cog in the globalist machine. If they think Trump is going to win they will jack up the rates ASAP to insure a crash that can be laid at his feet by the media.
The Fed chief ought to keep her mouth shut until a decision is finalized.
I am curious how may put options or short stock positions she, or her family, have in their investment portfolios.
Why do I feel like a Serf Or Modern Day Indentured Servant?
The more hours I work, the more the government takes from me.
My house is paid for, yet I own nothing. As long as property taxes are paid, I can live in my house. As long as I pay license and title fees I can drive my car. As long as I buy a permit I can build on my property. As long as I buy a permit, I can hunt and fish in the KING’s forest for sustenance. As long as I pay my taxes, I stay out of court and jail.
This was not the intent of our Founding fathers.
They would have been shooting by now.
I liked the last one: not raised until after the COLA adjustments for raises of military pay were set at ZERO!! Obama’s Bitch.
The real reason that interest rates are going up is that it is a poison pill to be used if Hillary does not win.
it won’t take very much of an increase to create a situation where the national debt would balloon uncontrollably. At 5% interest on the debt would consume almost 1/4 of the federal budget, requiring an almost 50% cut in expenditures just to keep it from rising. Or a doubling of tax income.
That is why Trump is now saying he won’t pay down the debt, and will actually borrow more money while rates are low to stimulate the economy (if it sounds familiar that is because precisely that has been going on for about 8 years now.
Soetoro has created a situation that cannot be fixed if 4 or 8 years, maybe not even in 40 or 80 years.
Interest rates of 10% would, at this point, force default.
I’ve been looking for that ” improving domestic economy” while traveling around the country lately, and it appears to actually be an endangered species.
It’s probably more like people buying big ticket items like cars because you can get a 5-yr note interest-free.