This is why the Fed has waited to hike, says Ken Griffin

marketwatch.com ^ | Wallace Witkowski

[BenLurkin]

The Federal Reserve has lost some of its credibility this year after months of promising to raise interest rates and not pulling the trigger — but hedge fund king Ken Griffin thinks the central bank has waited to hike because it didn’t want to paint itself into a corner.

In an interview with CNBC, the founder of Citadel LLC said the Fed can raise rates any time it wants given the low inflation environment. While employment is "robust" for college-educated workers, that’s not the case for workers without a college degree, he said, so that could be giving the Fed some pause. Plus, the Fed doesn’t want to have to roll rates back once they’ve raised them.

"If we have to head back towards zero that means some exogenous shock has taken place for the economy," Griffin said. "And I think that if that were to happen I think that would be cause for concern because it would be perceived that the Fed has fewer degrees of freedom to reignite growth. So I think one of the reasons the Fed has waited so long to raise rates thus far is to combat that very concern."

[mykroar]

They haven’t raised rates, because you can’t pull the bottom card out of the house and expect it to remain standing.

[puppypusher]

Gee! I didn’t realize that the economy was/is doing that well.My wallet is telling me just the opposite.

[John S Mosby]

Employment is “robust” for college graduates? UH, no it isn’t. The fed raises interest rates— the market, the fake QE market of stocks— crashes. And what little employment there is, in the pump and dump world— will vanish. Full complete crash. Which we can’t have in the land of kabuki- investment, all the while 42 million on food stamps (those “working class” college degreed, formerly employed, let go because of obamaumaocare, workers dontcha know)- and the 94 million Americans actually out of the work force with a correct percentage of unemployment well over 25%.
THAT is the reality the fed cannot bring itself to state, but KNOWS is the truth, and therefore covers up it’s own idiotic keynesian constructs. Deo Vindice. Apres nous le Deluge.

Do it, Fed— Do it. Trillions will be made by pre-positioned hedge investors, and the buy up of worthless stocks purchased by banks given QE at 0%. Do it.

[Be Free]

TRANSLATION: the economy sucks. We’ve been releasing all the propaganda we could for years in overstated weekly employment statistics, hoping - even praying - that our false narrative will be believed, and would result in employers hiring, and consumers increasing spending. We bolstered this lie with years of hinting at an interest rate hike, which would be required to contain inflationary pressures in a REAL economic growth scenario. In short, we’ve been trying to fool people into believing there is growth, where there is really none. And, like the boy that cried wolf, people don’t believe us any more.

So we’re contemplating a token rate-hike as “proof” that things are just great. Afterall, what’s one more lie piled on top of all the others?

Unfortunately, there are still a majority of Fed governors that believe that an actual rate-hike will make the economy even worse. Well we just don’t have any more ideas on how to kick-start the economy, so we’re grasping at this last straw to see if it will work. We know this Keynesian economics theory works - (Paul Krugman said it does!), we just haven’t given it enough time!

[RckyRaCoCo]

Ponzi scheme + counterfeiting = Federal Gov./cronies

(...make Bernie Madoff a pre-school knowledged piker by comparison)

The oligarchs/puppet-masters, whatever you want to call the vermin are enjoying their ill-gotten gains of million dollar toys and prostitutes, their partners-in-crime(gov./bankers)throw some crumbs(backed by monopoly money)to the pigeons(serfs)to prevent chaos in the streets...so as to enjoy a more tranquil gluttony for themselves.

Yes, it will eventually collapse, like all schemes do...but they'll be old or dead by then, and as such, will not suffer the consequences of their actions.

...just need to keep the serfs asleep/ignorant a little longer...

[Georgia Girl 2]

There ya go. They haven’t raised rates because we are headed into a deflationary depression. The BDI(Baltic Dry Index) has just collapsed into a historical low. We are going to look back on 2015 as the good old days if we don’t get Trump into the Whitehouse.

[Vic S]

The oligarchs/puppet-masters, whatever you want to call the vermin are enjoying their ill-gotten gains of million dollar toys and prostitutes, their partners-in-crime(gov./bankers)throw some crumbs(backed by monopoly money)to the pigeons(serfs)to prevent chaos in the streets...so as to enjoy a more tranquil gluttony for themselves. Yes, it will eventually collapse, like all schemes do...but they'll be old or dead by then, and as such, will not suffer the consequences of their actions.

But these plans have been going on for hundreds of years. The federal reserve is over 100 years old. After the collapse these people or their children will still be around and as powerful as ever. There is a plan, and it includes a collapse and probably another world war.

Someone that knows the plan or at least some of these people needs to come public and let honest people go get them.