Thu, 21 December 2017
Yellen raises interest rates for 5th and final time as FED chair. Powell will start term as Yellen 2.0 and then morph into Bernanke 2.0.
Fed Chairwoman, Janet Yellen, has raised interest rates for the last time under her tenure. This is the 5th time interest rates have been raised under Yellen. For that matter, this is the 5th time interest rates have been raised since the financial crisis began in 2008! So we’ve had near 0% interest rates for 10 years and the fed thinks it’s getting tight when interest rates are at 1.5%!? This is crazy! We still negative interest rates when you figure in the inflation rate! We’re not in some miraculous recovery like most in the media believe.
Direct download: jmsEp166-Yellen_raises_interest_rates_for_last_time.mp3
Category:Business, News & Politics, Education -- posted at: 2:31pm MDT