Simply put, the Fed pulled off a magic trick that would leave Houdini gasping. Janet Yellen and the Fed took the made-up money and bought Wall Street assets that would have otherwise crashed and gave money to Wall Street banks that would have otherwise gone bankrupt...with no strings attached.
Progressive nerds love the idea.
You've probably heard by now that the Federal Reserve executed a long-awaited interest rate hike in December. Though this move was both inevitable and sorely needed, it's not great news for borrowers. In fact, your student loan interest rates might have gone up as a result.
There it is again: the Fed rate hike talk we've missed so much since last December. Fed Chairwoman Janet Yellen said on Wednesday that risks for the U.S. economy are rising and indicated that the central bank may delay its next interest rate hike in March.
But basically, the FASB (financial accounting services board) changed the rules mid-flight on how banks should account for
Broader unemployment is high, and inflation is low. So why is the Fed moving now?
The Dollar maintains its strength near 100 and Draghi indicated more easing may be ahead for the EU while we wait for 6 Fed
Now we're 5% higher than we were and the Fed is essentially damned if they do or damned if they don't hike rates (which is