Listen to "Reality Check with Ben Swann" on Spreaker.

Citing Weak Economy, Feds Delay Interest Rate Hike

Must Read

Nicaragua Never Required Masks or Lockdowns and Crushed the Virus-Script

Nicaragua Never Required Masks or Lockdowns and Crushed the Virus-Script - powered by ise.media The country of Nicaragua never instituted...

Report: 80% of Women /Girls From Mexico To US, Raped Along The Way

Report: 80% of Women /Girls From Mexico To US, Raped Along The Way - powered by ise.media The crisis at...

Lockdowns Caused 100 Percent Increase In Child and Teen Suicide?

Lockdowns Caused 100 Percent Increase In Child and Teen Suicide? - powered by ise.media Children are 10 times more likely...
Michael Lotfihttp://brandfireconsulting.com
Michael Lotfi is a Persian-American political analyst and adviser living in Nashville, Tennessee. Lotfi is the founder and CEO of BrandFire Consulting LLC. The firm specializes in public and private technology centered brand development, lead generation, data aggregation, online fundraising, social media, advertising, content generation, public relations, constituency management systems, print and more. Lotfi is the former executive state director for the Tennessee Tenth Amendment Center, a think-tank focused on restraining federal overreach. Lotfi graduated with top honors from Belmont University, a private Christian university located in Nashville, Tennessee.

WASHINGTON, September 17, 2015– Denoting a weak economy, the United States Federal Reserve, a private bank that controls the country’s monetary policy, decided to hold off on hiking interest rates. Federal Reserve Chairman Janet Yellen made the announcement at a press conference following the Federal Open Market Committee meeting on Thursday. The announcement sent the stock market soaring.

In January, President Obama told Americans during his State of the Union address that the economic crisis was over. “Tonight, we turn the page,” Obama said. “The shadow of crisis has passed, and the State of the Union is strong.” However, Yellen’s refusal to hike rates tells another story of the state of the American and global economies.

According to policymakers, the economy is expected to grow, but forecasts for gross domestic product growth have been downgraded for the next two years. When coupled with China’s sinking economy, dovish Fed members discouraged a rate-hike.

- Newsletter -

Currently, rates are at rock-bottom levels, and haven’t been hiked in almost a decade. A hike would cause short-term pain in the economy, which is why the feds have continuously pushed against raising rates. The weak economy simply cannot handle the hike without taking a hit.

Regardless, the Fed is still considering a hike. They will take up the issue again during their policy meetings in October and December.

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, was the only Fed official to vote in favor of raising rates.

Low interest rates are good for investors, as it means money is cheaper to borrow. However, low rates create morale hazard in the markets, which leads to uncontrolled risk. The same low rates created the moral hazard that first sank the economy before President Obama was elected. Low rates are also bad for those with retirement funds and savings accounts because their return is often based off of the fed’s rate.

FOLLOW MICHAEL LOTFI ON Facebook, Twitter & LinkedIn.

 

- Advertisement -

Featrued Sponsors

video

Texas Files Lawsuit Asks SCOTUS To Block 4 States From Participating in Electoral College

Texas Files Lawsuit Asks SCOTUS To Block 4 States From Participating in Electoral College - powered by ise.media Check out our sponsor Kim Daly and...

Unstoppable Domains

Uncensorable blockchain domains. Every domain purchase supports Ben Swann and Truth in Media

Holland Center

Holland Center is a day treatment program and medical clinic for children with autism.
- Advertisement -

Latest News

video

Nicaragua Never Required Masks or Lockdowns and Crushed the Virus-Script

Nicaragua Never Required Masks or Lockdowns and Crushed the Virus-Script - powered by ise.media The country of Nicaragua never instituted...
video

Report: 80% of Women /Girls From Mexico To US, Raped Along The Way

Report: 80% of Women /Girls From Mexico To US, Raped Along The Way - powered by ise.media The crisis at the U.S. border continues. Nearly...
video

Lockdowns Caused 100 Percent Increase In Child and Teen Suicide?

Lockdowns Caused 100 Percent Increase In Child and Teen Suicide? - powered by ise.media Children are 10 times more likely to die of suicide than...
video

Twitter Demands Allegiance to NATO?

Twitter Demands Allegiance to NATO? - powered by ise.media Twitter recently deleted hundreds of accounts for the crime of "undermining faith" in NATO with the...
video

Loomer: Is the Next Step For Cancel Culture To Drive Certain People From All Society?

Loomer - Is the Next Step For Cancel Culture To Drive Certain People From All Society? - powered by ise.media Exclusive. Laura Loomer: Is...
- Advertisement -

More Articles Like This