Monday, December 21, 2015

Fed should have raised interest rates few years ago instead of now

They [Fed] kept interest rates near zero for seven years. This has never existed before, such a long period of next to zero interest rates. Now they increased rates a quarter percent exactly at the time the global economy is weakening dramatically. The global economy has decelerated very badly, and many countries are already in recession, or going into recession

They are increasing interest rates at precisely the wrong time.