This week, the Fed
predictably left interest rates unchanged. But lost in the announcement was
this shocker: Could they actually move to negative interest rates? On Thursday, the
Federal Reserve announced
that it will leave interest rates as is, right near zero percent. Fed Chair Janet Yellen cited recent volatility in markets
and uncertainty overseas as reasons to hold off from a rate hike. Since December
2008, the Federal Reserve has lowered
the interest rate to a record low 0.25% as part of its ongoing
‘emergency monetary policy’. This zero interest rate policy (ZIRP) was
introduced as a means to help the economy recover following the devastation of
the 2008 Global Financial Crisis. 80 months later – despite countless proclamations
from government officials that the economy is improving – we still have the
ZIRP strategy in play! Plus, during that same time frame, the federal debt has doubled from $10 trillion to
over $18 trillion……To Read More… The Fed is
undermining the dollar. Watch what Steve Forbes has to say about it here.
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