Posted on Nov 2, 2016
Fed leaves rates unchanged as all eyes turn toward December
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Is the Fed awaiting next president? The Fed has been independent in the past with a focus on monetary policy. It seems they are more focused on politics and making decisions based on their loyalty. Should we expect major problems with out of control deficits for student loans, other obligations (government pensions), municipal, state and federal governments around the world.
Fed leaves rates unchanged as all eyes turn toward December
Posted from cnbc.comPosted in these groups: 
United States
Money
Government
Office of the President (POTUS)
Election 2016
United States Money Government Office of the President (POTUS) Election 2016
Posted 8 y ago
Responses: 9
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yup... gonna screw trump if he wins, kick the can further if hillary does. the American people lose either way.
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SPC James Harsh
"The Fed has been independent" What is this bill that's been introduced... https://www.congress.gov/bill/114th-congress/house-bill/24
H.R.24 - 114th Congress (2015-2016): Federal Reserve Transparency Act of 2015
Summary of H.R.24 - 114th Congress (2015-2016): Federal Reserve Transparency Act of 2015
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Great article explaining the cost of potential annual cost of the massive increase in the National debt. Just think this happened when we had economic expansion. What happens when the economy goes through normal cycle and contracts?
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SPC Erich Guenther
Wall Street is too cautious because of 2008. They need to let the Economic Growth continue to rise above 3% GDP before they try to choke it off. They also need more stimulus. The most painless way out of the National Debt is to grow faster than it is. Back in 2012 they were predicting 22 Trillion in National Debt by 2017. We have held the line pretty well since we are still at only 20 Trillion. Hillary co-opted Pence's idea of funding Infrastructure improvements partially with private money, that is a great idea that should see the light of day as well. It has worked wonders for Indiana. Additionally, I think Congress should do whatever is necessary and start a soverign wealth fund to help with the National Debt like Norway did with it's debt. Once we have the National Debt paid down we can start applying it to Social Security. We are a very resource rich country and there is no reason why we can't export some of our National Resources and get some money back like Norway has done. Agree the low interest rates are causing other problems like inflating the SS Deficit as well as making it harder for older folks to save using bonds but I would hold off on the next increase until well into next year. Anyways, my two cents.
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http://www.cnbc.com/2016/11/02/the-potential-economic-catastrophe-that-no-one-is-talking-about-commentary.html
This was the article that shows the potential scenario for the Federal government and American tax payer. Additionally, many states and major cities are obsessed with borrowing since it's "cheep" (low interest rates).
This was the article that shows the potential scenario for the Federal government and American tax payer. Additionally, many states and major cities are obsessed with borrowing since it's "cheep" (low interest rates).
Op-Ed: The potential 'economic catastrophe' that no one is talking about
When it comes to the Fed and interest rates, there's a hidden bombshell that no one is talking about, says money manager Peter Tanous.
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CPT (Join to see)
There is also a consequence for the middle and senior classes that invested their savings in banking mediums.
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