Fed says uncertainty calls for gradual U.S. rate hikes - "Because it is unclear how long the U.S. economy can sustain its current strength, the Fed should continue with its gradual interest rate hikes until it becomes undeniable that a change of course is necessary"

submitted by magnora7 from reuters.com

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[–]magnora7[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

Read that quote in the title carefully.

This means they're going to continue to raise rates until there is an economic crisis, if you read between the lines.

They're deliberately tanking the economy to blame it on Trump, because he's a convenient scapegoat and everyone will blame it on him. Meanwhile during Obama's term the rates were at zero percent for 8 entire years. Now they're just raising it and raising it. Supposedly "pulling up the slack" from the economy doing well, but the inability to do this slowly and rather doing it quickly and continuing to ratchet it up, looks more like pulling the rug out from under the economy than picking up the slack, perhaps.

[–]magnora7[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Here's a Reuters piece basically saying exactly that: https://www.reuters.com/article/us-usa-fed-bullard/feds-current-policy-path-would-boost-recession-risk-bullard-idUSKCN1MS1ZC?il=0

The warning signs are all there... is anyone listening to them