Has the Fed’s cautious, go-slow approach, “served us well” ?

nigelmarkdiasnigelmarkdias Posts: 1,323 Silver ✭✭✭✭
edited September 2016 in About Gold

Divided Federal Reserve Is Inclined to Stand Pat

Low inflation leaves central bankers with little sense of urgency to boost interest rates

Because the economy is growing so slowly, this group doesn’t believe rates need to move very high in the months and years ahead, thus the Fed can take its time.
Jon Hilsenrath, The Wall Street Journal

Bankers' margins

Despite its hesitance, the Fed faces some external pressure to move. “Let’s just raise rates,” said J.P. Morgan Chase & Co. Chairman and Chief Executive Officer James Dimon at the Economic Club of Washington, D.C., on Monday. Bankers have been complaining more broadly that low rates hurt their profit margins because it holds down what they can charge customers for loans.

The stock market rollercoaster


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Comments

  • GoldmattersGoldmatters Posts: 4,014 Admin
  • RocketDogRocketDog Posts: 759 Silver ✭✭✭✭
    "Bankers have been complaining more broadly that low rates hurt their profit margins because it holds down what they can charge customers for loans."
    Seriously? The bankers are complaining about the side-effects of Quantitative Easing -- in as much as they can't profit enough when they loan us their fake money? That statement, if true, is absolutely obscene. It's most likely not true--it is most likely just something the media want us to believe -- as if the banks and the Fed aren't all in it together. Or do some bankers really believe there is some sort of true market in fiat currency and their financial success is actually based on some sort of talent they have?
    Is business news really supposed to be this comical?
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