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

Citing Weak Economy, Feds Delay Interest Rate Hike

Must Read

Truth In Media with Ben Swann, Episode 33: Is Moderna and NIH Partnership “Rotten To The Core”?

Ben Swann takes a look at the highly unusual timeline by which Moderna Therapeutics is developing its C0-vId 19 virus vaccine.

Truth In Media with Ben Swann, Episode 32- Trump Administration: Syria’s Assad “Does Not” Have To Go

In this episode, Ben takes a look at how this new policy is contrary to media narrative about Syria over the past decade.

Truth In Media with Ben Swann, Episode 31: Pandemic Lockdown and Protests Push Gun Sales to All Time Highs

The pandemic lockdown and protests have pushed gun sales to all-time highs- but what the media doesn't want to talk about is who is buying the majority of these guns.
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

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.

Pure VPN

Military grade privacy on all devices.
- Advertisement -

Latest News

video

Truth In Media with Ben Swann, Episode 33: Is Moderna and NIH Partnership “Rotten To The Core”?

Ben Swann takes a look at the highly unusual timeline by which Moderna Therapeutics is developing its C0-vId 19 virus vaccine.
video

Truth In Media with Ben Swann, Episode 32- Trump Administration: Syria’s Assad “Does Not” Have To Go

In this episode, Ben takes a look at how this new policy is contrary to media narrative about Syria over the past decade.
video

Truth In Media with Ben Swann, Episode 31: Pandemic Lockdown and Protests Push Gun Sales to All Time Highs

The pandemic lockdown and protests have pushed gun sales to all-time highs- but what the media doesn't want to talk about is who is buying the majority of these guns.
video

Truth In Media with Ben Swann, Episode 30: Multiple Scientists: C0R0NAVlRUS Altered in Lab to Better Attach to Humans

In 2014, the research appears to have resumed through funding to several labs in China through payments to Eco Health Alliance.
video

Truth In Media with Ben Swann, Episode 29: W.H.O. Admits Asymptomatic Spread of Coronavirus Is “Very Rare”

If this is the case, why is the lockdown of the economy still in place? Plus, we take a look at a similar study which shows zero virus transmission from asymptomatic Covid carriers.
- Advertisement -

More Articles Like This