Yellin: Interest rates could rise
Fed head Janet Yellen says the case for raising interest rates “has strengthened.”
Click here for reuse options!Speaking as the market wonders when the Fed will resume a policy tightening that began in December, Yellen issued some cautionary tones, but pointed to more increases on the horizon.
The Federal Open Market Committee “continues to anticipate that gradual increases in the federal funds rate will be appropriate over time to achieve and sustain employment and inflation near our statutory objectives,” Yellen said in prepared remarks.
More pointedly, she added, “Indeed, in light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months.”
Copyright 2016 Liberaland
8 responses to Yellin: Interest rates could rise
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Mensa Member August 26th, 2016 at 12:47
OK — excuse my triviality.
But doesn’t she have an incredibly annoying voice?
I found Alan Greenspan tremendously irritating as well.
Maybe it’s a job requirement for the position.
anothertoothpick August 26th, 2016 at 13:40
I actually like Janet Yellen.
She boils things down to actually make sense to us mortals.
anothertoothpick August 26th, 2016 at 13:11
Raise the interest rates at the fed, and freeze the interest at the banks.
The banks have been getting their money from the fed for free basically, and have made fortunes.
How about giving us a break for a change.
Mensa Member August 26th, 2016 at 13:26
I’m with you — the bank, arms dealers and the rich get almost free loans when the rest of us pay crazy rates. If we can get a loan at all!
Things that are for the public good — primary home owners (not house flippers!), student loans, small businesses, etc, need the same low rates banks get.
mea_mark August 26th, 2016 at 13:27
Money being injected into the economy shouldn’t go to the banks. It should go directly to the people that spend it. The best way to do that is through a basic income. America needs a major rethink on how we do things and live.
anothertoothpick August 26th, 2016 at 13:30
I would love to trade tax rates with Mitt Romney for a couple of years also.
Mensa Member August 26th, 2016 at 13:30
One of the great lost opportunities of the bank bailout was exactly that.
Rather than giving money directly to the banks, it should have been channeled through home owners.
The banks would have still be rescued but the homeowners would have been,as well. And, it would have lessened the housing crash and the recession in general.
But, remember how the conservatives blamed the whole problem on homeowners? Especially African Americans?
They consider average people unworthy of help.
anothertoothpick August 26th, 2016 at 13:37
Trickle down (supply side) economics are the same as the Golden rule.
“He who has the Gold …..Rules”