Sunday, September 20, 2015

Fed predictably stands still on rates – but lets out this shocker

Posted on September 18, 2015

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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