Morici has been no particular friend of Trump.
Peter George Morici, Jr. (born December 9, 1948)[1] is an American economist and Professor of International Business at the R.H. Smith School of Business at the University of Maryland, College Park.
Peter Morici said a few days ago, and I heard him say it...I think it was on Varney...that Yellen IS doing this against Trump for political reasons.
Morici has been no particular friend of Trump.
Peter George Morici, Jr. (born December 9, 1948)[1] is an American economist and Professor of International Business at the R.H. Smith School of Business at the University of Maryland, College Park.
Another reason to abolish the FED.
At this rate, the economy will be six feet under by the end of the year.
Right after he was elected, I figured one of Trump’s worst enemies would be the Fed, which would try to sabotage him by messing with interest rates. But they let Obama skate for eight effing years.
Trump did say a few words about Yellen’s monetary policy during his campaign. I do believe she is doing it for political reasons and/or getting even.
While such actions could be politically motivated, the evidience is that it’s employment based.
Under the law that created the Federal Reserve, the Fed’s number one goal is full employment, followed by low inflation and then moderate interest rates.
Under Obama the economy was so bad, and unemployment so high that the Fed needed to keep rates low. Under Trump, consumer optimism has been restored. Businesses are making the decision to produce in the U.S. because they know Trump will restore the import tariffs. The stock market is soaring, new jobs are at a 15 year high.
There is no need to think conspiracy when the evidence is that the Fed is doing what they should be doing. And that it is the success of the presidencies that are driving the Fed actions.
While such actions could be politically motivated, the evidience is that it’s employment based.
Under the law that created the Federal Reserve, the Fed’s number one goal is full employment, followed by low inflation and then moderate interest rates.
Under Obama the economy was so bad, and unemployment so high that the Fed needed to keep rates low. Under Trump, consumer optimism has been restored. Businesses are making the decision to produce in the U.S. because they know Trump will restore the import tariffs. The stock market is soaring, new jobs are at a 15 year high.
There is no need to think conspiracy when the evidence is that the Fed is doing what they should be doing. And that it is the success of the presidencies that are driving the Fed actions.
Just a coincidence!
There is no pattern of abuse here!
Sarcasm now off!
Sorry, this works FOR Trump, who in the campaign warned against a recession, and now the Fed is saying, “Hey, the economy is good. We’re gonna raise rates cuz it’s about to explode.”
Trump wins this.
Ten months and two weeks to go—and she’ll do as much damage as she thinks she can get away with.
I see it as a sign that the Trump economy is for real. Not smoke and mirrors like we saw with Obama.
Liberals want and need to tank the economy, otherwise they are toast in 2018, 2020, and beyond. This is being done with that intent in mind.
There should be no Fed Funds Rat or Fed.
The reality is that without a natural increase in the interest rates, there will be no real recovery. An increase probably will trigger a recession, but, if the funds rate is not rejiggered in response, and if TBTF failures are allowed to fail and let the market clean up the detritus, tha recession will be just that, a recession that will last a couple of quarters and, if accompanied by massive deregulation and detaxification, a sharp and sustained expansion. Reagan did all of that and that is what resulted.
As I understand it, the Fed usually only raises interest rates when the economy is doing well and the Trump Bump on the economy has been substantial and will likely continue.
On the other hand, we very much need to get away from the ZIRP, funny money policy that has infected this country (and the world) for almost a decade.
People and companies should be able to earn more than a pittance on their cash-based investments. Not everyone wants to bet it all in the equities casino.
I'm completely in favor of phasing in a return to 4-5 percent rates.
Been told by a very successful business man, that conducting large scale business in this current environmemt, is actually much easier than the high interest Nixon/Carter years. Debt to acquire capital assets is very cheap now obviously. Theoritically we could be in an incredible sweet spot. Increasing activity with easy debt. Potentially we could see one of the greatest economic expansions in US history. So expect the Global Oligarchy to raise interest rates faster than they ever have. Dont worry. Slowing or stopping the expansion will help prevent Global Warming lol.
Yellen is an androgynous libtard troll. Time to end the Fed. It consumes way to much power and is grossly unconstitutional. Another wish that will never happen.
Keynesians think they’re hurting Trump.
Friedmanites know they’re helping.
Did we not know this was coming long b4 the election ?