Yesterday, the Federal Reserve Chairwoman, Janet Yellen, openly opposed the stated policy of new President Donald Trump by saying the Fed was worried about the economy heating up too much so they would raise interest rates more than planned – 3 times in 2017.
Now remember, this is a Fed that only raised interest rates twice – in the last 10 years in a failed effort to support President no-name Obama.
In other words, if Hillary Clinton would have won the election, then the Fed would have continued with more moderate interest rate hikes – or none at all – as they did for President Obama.
So let’s get this straight – when the Fed raises interest rates it is to worsen the U.S. economy. Why? When interest rates go up, what happens? There is less borrowing.
So what do you suppose happens to the total amount of money in the U.S. economy when there is less borrowing? There is less money. And that’s how the Fed justifies it.
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Good evening, I’m still reporting on
The Fed Declares War on Trump
Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the “Still Report”, the quintessential report on the economy and Washington.
Now remember, this is a Fed that only raised interest rates twice – in the last 10 years in a failed effort to support President no-name Obama.
In other words, if Hillary Clinton would have won the election, then the Fed would have continued with more moderate interest rate hikes – or none at all – as they did for President Obama.
So let’s get this straight – when the Fed raises interest rates it is to worsen the U.S. economy. Why? When interest rates go up, what happens? There is less borrowing.
So what do you suppose happens to the total amount of money in the U.S. economy when there is less borrowing? There is less money. And that’s how the Fed justifies it.
Visit our website at http://www.billstill.com
Considered by informed insiders’ as the ultimate resource for surviving economic or financial collapse/crash and attaining the unvarnished truth about the latest US and world news, current events in Washington, and today’s United States political climate. Please Like, Comment & Share.
Good evening, I’m still reporting on
The Fed Declares War on Trump
Bill Still is a former newspaper editor and publisher. He has written for USA Today, The Saturday Evening Post, the Los Angeles Times Syndicate, OMNI magazine, and has also produced the syndicated radio program, Health News. He has written 22 books and two documentary videos and is the host of his wildly popular daily YouTube Channel the “Still Report”, the quintessential report on the economy and Washington.
