Political Wrinkles  

Go Back   Political Wrinkles > Political Forums > Economics
Register FAQDonate PW Store PW Trivia Members List Calendar Search Today's Posts Mark Forums Read

Economics Discuss Janet Yellen Announces Federal Reserve Decision on Interest Rates at the Political Forums; Janet Yellen to Announce Fed Interest Rate Decision: Watch Live | Fortune.com Fed Raises Benchmark Rate as Inflation Approaches 2% ...

Reply
 
Share LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 03-15-2017, 01:30 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 71,168
Thanks: 51,952
Thanked 24,692 Times in 17,460 Posts
Send a message via Yahoo to saltwn
Default Janet Yellen Announces Federal Reserve Decision on Interest Rates

Janet Yellen to Announce Fed Interest Rate Decision: Watch Live | Fortune.com


Fed Raises Benchmark Rate as Inflation Approaches 2% (Bloomberg)

Just so ya know 2% is not inflation; it's actually deflation.

Quote:
In a widely anticipated move Wednesday, the Federal Reserve raised its benchmark interest rate for the third time since the Financial Crisis of 2008.
Quote:
The fed-funds rate rose by a quarter percentage point, to a range of 0.75% to 1%.
big whoop; let's see 5%
Quote:
Fed Chair Janet Yellen presents the bank's current economic projections and provides additional context for policy decisions in Washington today at 2:30 PM EST. Watch the video
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,
Reply With Quote
  #2 (permalink)  
Old 03-15-2017, 01:39 PM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 10,496
Thanks: 5,826
Thanked 8,291 Times in 4,815 Posts
Default Re: Janet Yellen Announces Federal Reserve Decision on Interest Rates

Quote:
Originally Posted by saltwn View Post
Janet Yellen to Announce Fed Interest Rate Decision: Watch Live | Fortune.com


Fed Raises Benchmark Rate as Inflation Approaches 2% (Bloomberg)

Just so ya know 2% is not inflation; it's actually deflation.

big whoop; let's see 5%
No, a 2% increase in the rate is to decelerate inflation. It is not itself inflation.
We have had free money for the last 8 years in a attempt to keep the economy on life support. Now that the economy is beginning to expand, Yellen is applying the brakes so that we do not have inflation. At least that's the operative story.

After yeas of zero to fractional adjustment from zero, 2% is huge, more like dropping a big anchor than just a regulation of velocity. Her move is in the right direction but a little over the top don't you think?

If I'm not mistaken, 2% is what we had in the Bush43 years.
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.

PROUDLY DEPLORABLE
Reply With Quote
  #3 (permalink)  
Old 03-15-2017, 01:56 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 71,168
Thanks: 51,952
Thanked 24,692 Times in 17,460 Posts
Send a message via Yahoo to saltwn
Default Re: Janet Yellen Announces Federal Reserve Decision on Interest Rates

Quote:
Originally Posted by FrancSevin View Post
No, a 2% increase in the rate is to decelerate inflation. It is not itself inflation.
We have had free money for the last 8 years in a attempt to keep the economy on life support. Now that the economy is beginning to expand, Yellen is applying the brakes so that we do not have inflation. At least that's the operative story.

After yeas of zero to fractional adjustment from zero, 2% is huge, more like dropping a big anchor than just a regulation of velocity. Her move is in the right direction but a little over the top don't you think?

If I'm not mistaken, 2% is what we had in the Bush43 years.
first house financing is screwed up with variable interest so only hurts buyer who was dumb to sign up for that. two no incentive to save.
three this helps bans lending to banks by keeping it so low
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,
Reply With Quote
  #4 (permalink)  
Old 03-15-2017, 02:51 PM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 10,496
Thanks: 5,826
Thanked 8,291 Times in 4,815 Posts
Default Re: Janet Yellen Announces Federal Reserve Decision on Interest Rates

Quote:
Originally Posted by saltwn View Post
first house financing is screwed up with variable interest so only hurts buyer who was dumb to sign up for that. two no incentive to save.
three this helps bans lending to banks by keeping it so low
Lucky for you, breathing and a heartbeat is anatomical.
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.

PROUDLY DEPLORABLE
Reply With Quote
  #5 (permalink)  
Old 03-15-2017, 03:16 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 71,168
Thanks: 51,952
Thanked 24,692 Times in 17,460 Posts
Send a message via Yahoo to saltwn
Default Re: Janet Yellen Announces Federal Reserve Decision on Interest Rates

Quote:
Originally Posted by FrancSevin View Post
Lucky for you, breathing and a heartbeat is anatomical.
if you don't understand the subject, franc, quit commenting on it.
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,
Reply With Quote
  #6 (permalink)  
Old 03-15-2017, 03:48 PM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 10,496
Thanks: 5,826
Thanked 8,291 Times in 4,815 Posts
Default Re: Janet Yellen Announces Federal Reserve Decision on Interest Rates

Quote:
Originally Posted by saltwn View Post
if you don't understand the subject, franc, quit commenting on it.
I understand the subject Salty. I don't understand your postings.

Do you walk to school or take your lunch?

Higher fed rates are not Inflation.

The Fed doesn't provide home loans much less those with variable rates

A raise in the Fed does not help banks keep interest rates on mortgages low.
They will rise from their current historic lows immediately.
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.

PROUDLY DEPLORABLE
Reply With Quote
The Following User Says Thank You to FrancSevin For This Useful Post:
  #7 (permalink)  
Old 03-15-2017, 06:33 PM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 71,168
Thanks: 51,952
Thanked 24,692 Times in 17,460 Posts
Send a message via Yahoo to saltwn
Default Re: Janet Yellen Announces Federal Reserve Decision on Interest Rates

Quote:
Originally Posted by FrancSevin View Post
I understand the subject Salty. I don't understand your postings.

Do you walk to school or take your lunch?

Higher fed rates are not Inflation.

The Fed doesn't provide home loans much less those with variable rates

A raise in the Fed does not help banks keep interest rates on mortgages low.
They will rise from their current historic lows immediately.
all those reflect the fed rate.
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,
Reply With Quote
  #8 (permalink)  
Old 03-15-2017, 07:18 PM
FrancSevin's Avatar
Runs with scissors
 
Join Date: Mar 2014
Location: St Louis MO
Gender: Male
Posts: 10,496
Thanks: 5,826
Thanked 8,291 Times in 4,815 Posts
Default Re: Janet Yellen Announces Federal Reserve Decision on Interest Rates

Quote:
Originally Posted by saltwn View Post
all those reflect the fed rate.
No.
Salty, I'm certainly not very smart but I know the difference between the Fed lending rate and inflation. You may well know of what you speak but you post in a format in which I cannot fathom what you are trying to communicate.

The Fed raises rates to prevent the economy overheating. And while that overheat may cause inflation, it is not the fed causing the inflation, it is the Fed stopping it.

The relation is not a chicken and the egg. It is, at best, the chicken, the farmer, and oatmeal.

The Fed recently raised the rate, and now is doing it again. The official excuse is to cause inflation to slow. But what it will do is raise mortgage and car loan rates and slow growth of the economy. Whether that is tied to Trump's plans or just another deep government roadblock is unknown. But I find it curious Janet Yellen waited until Barak was out of the White House to do it.

Wall Street has been sucking up the free money for years making a lot of folks richer. She should have put the brakes on sooner.

Now, all of this post is in English, with a logical progression of thought. Please have the courtesy to respond in kind. Perhaps then I can sort what it is you are trying to say
__________________
I am going to hang a Batman Costume in my closet. .......... Just to screw with myself when I get alzheimer's.

PROUDLY DEPLORABLE

Last edited by FrancSevin; 03-15-2017 at 07:30 PM..
Reply With Quote
  #9 (permalink)  
Old 03-17-2017, 08:32 AM
saltwn's Avatar
PW Enlightenment
 
Join Date: Oct 2007
Location: Esto perpetua
Posts: 71,168
Thanks: 51,952
Thanked 24,692 Times in 17,460 Posts
Send a message via Yahoo to saltwn
Default Re: Janet Yellen Announces Federal Reserve Decision on Interest Rates

We are under inflation even though the indicators do not look typical

Our goal however cautious should be to get the fed up to 3-4%
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it,
Reply With Quote
Reply

Tags
announces, decision, federal, interest, janet, rates, reserve, yellen

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Forum Jump


All times are GMT -5. The time now is 07:41 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2017, vBulletin Solutions, Inc.

Content Relevant URLs by vBSEO 3.2.0