[Starstruck]

Why do we need zero percent interest rates - ZIRP when the economy is growing like gangbusters??

Because if interest rates go up the money will come pouring out of the Stock Market.

[steve86]

You are correct but I was looking for an answer the Fed could say in public!

[grania]

If money came pouring out of the stock market, wouldn’t capital gains taxes help balance the national budget? Wouldn’t a lot of that money people took be spent in local economies? It doesn’t seem that the stock market would go completely bust, with so many corporations that are doing real well.